Direct Line backs £3.6bn takeover move by rival Aviva - Yahoo …

Dec 6, 2024  · Direct Line has said it plans to back a takeover move by rival insurance firm Aviva. The firms said they have reached an initial agreement over a cash-and-shares deal valuing …


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Direct Line Backs £3.6bn Takeover Move By Rival Aviva - Yahoo …

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Dec 6, 2024  · Direct Line has said it plans to back a takeover move by rival insurance firm Aviva. The firms said they have reached an initial agreement over a cash-and-shares deal valuing …

yahoo.com

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Direct Line Backs £3.6bn Takeover Move By Rival Aviva - Yahoo …

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Dec 6, 2024  · Direct Line has said it plans to back a takeover move by rival insurance firm Aviva. The firms said they have reached an initial agreement over a cash-and-shares deal valuing …

yahoo.com

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Aviva Set To Buy Direct Line To Create $21 Billion British Insurer

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LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK's …

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line - Yahoo …

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Dec 6, 2024  · (Bloomberg) -- Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a deal that would create the UK’s largest …

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UK Insurer Aviva To Buy Direct Line In $4.65 Billion Deal

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2 days ago  · British insurer Aviva has reached an agreement to buy smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating …

yahoo.com

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2,000 Jobs Set To Be Lost In Aviva’s £3.7bn Takeover Of Direct Line

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1 day ago  · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Up to 2,300 jobs could be lost through the £3.7bn takeover of Direct Line by Aviva, its larger …

ft.com

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Aviva Agrees To Buy Direct Line In £3.6bn Insurance Deal

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Dec 6, 2024  · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Aviva, the UK insurance heavyweight, has agreed a £3.6bn takeover deal with …

ft.com

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Aviva Set For £3.6bn Direct Line Takeover - Yahoo Finance

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Dec 6, 2024  · Direct Line rejected a £3.3bn bid from Aviva last week. Direct Line is set to agree to a £3.6bn takeover by its bigger rival Aviva, after the FTSE 100 firm returned with a sweetened …

yahoo.com

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How Aviva Won Direct Line In Eight Days - Financial Times

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Dec 6, 2024  · After three offers from Aviva, the first of which was only made public last week, Direct Line’s board agreed late on Thursday to a £3.6bn takeover with its larger rival.

ft.com

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line

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Dec 6, 2024  · UK Insurer Aviva Said to Boost Direct Line Takeover Bid to £3.4 Billion The revised bid is a “good deal all round,” Panmure Liberum analysts wrote in a note to clients.

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Aviva Buys Direct Line, Gaining Share Of The UK Motor ... - Euronews

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1 day ago  · Aviva has agreed to pay £3.7bn for rival company (€4.5bn) in time for the Christmas Day deadline. The deal will pave the way for the combined group to own a fifth of the UK …

euronews.com

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Aviva Makes Firm $4.7 Billion Offer For Direct Line - WSJ

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Aviva formalized the terms of its takeover offer for Direct Line, which values the non-life insurer at around 3.7 billion pounds ($4.65 billion). Insurer and asset manager Aviva won over its ...

wsj.com

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Direct Line Backs £3.6bn Takeover Move By Rival Aviva

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Dec 6, 2024  · Direct Line has said it plans to back a takeover move by rival insurance firm Aviva. The firms said they have reached an initial agreement over a cash-and-shares deal valuing …

independent.co.uk

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Aviva’s Acquisition Of Direct Line Will Cement Its Dominance In UK ...

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Dec 18, 2024  · Together, Aviva and Direct Line recorded a combined GWP of £10.60bn in 2023—an 89.5% increase over AXA. This share would account for 14.4% of the UK insurance …

yahoo.com

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Aviva's Direct Line Takeover Triggers Warning Over 2,300 Jobs At Risk

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1 day ago  · Insurance giant Aviva has agreed a takeover of Direct Line in a £3.7bn deal that puts around 2,300 jobs at risk. The offer was thrashed out over the weekend to beat a Christmas …

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Hundreds Of Jobs At Risk From Aviva’s £3.6bn Takeover Of Direct Line

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Dec 13, 2024  · Hundreds of jobs are at risk from Aviva’s proposed £3.6bn takeover of Direct Line, as the insurance giants rush to combine ahead of a crunch Christmas deadline.. The merger …

telegraph.co.uk

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Aviva Agrees To Buy Direct Line For £3.7bn - UK News

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2 days ago  · Aviva has agreed a deal to buy rival company Direct Line for £3.7bn ahead of a Christmas Day deadline. The insurance firm announced the agreement with its smaller …

sky.com

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Aviva And Direct Line £3.6bn Takeover Deal Explained

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Dec 15, 2024  · Aviva and Direct Line Group: Aviva is in the second position with 10.6% of the market. Direct Line Group, which includes well-known brands like Churchill and Darwin, is very …

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Aviva Asks Direct Line Shareholders To Back Second Bid - Yahoo …

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Nov 28, 2024  · Aviva is contacting Direct Line’s shareholders in an attempt to convince them to back a takeover bid, after the motor insurance giant’s board rebuffed an £3.3bn approach. The …

yahoo.com

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Direct Line Accepts £3.6bn Takeover Offer From Rival Aviva In Move …

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Dec 6, 2024  · DIRECT LINE has accepted a £3.6billion takeover offer from rival Aviva in a move that will create a home and car insurance giant. Aviva sweetened its bid to 275p-a-share …

thesun.co.uk

FAQs about Direct Line backs £3.6bn takeover move by rival Aviva - Yahoo … Coupon?

Will avviy direct line back a takeover move by Aviva?

AVVIY Direct Line has said it plans to back a takeover move by rival insurance firm Aviva. The firms said they have reached an initial agreement over a cash-and-shares deal valuing Direct Line at £3.61 billion, or 275p per share. Aviva made the sweetened approach after seeing a £3.3 billion takeover tilt rebuffed last month. ...

Will Aviva buy direct line?

(Reuters) - British insurer Aviva has reached an agreement to buy smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK's largest home and motor insurer. Aviva and Direct Line had reached a preliminary agreement in early December. ...

How many jobs will Aviva cut if it takes over direct line?

By Chandini Monnappa and Lawrence White LONDON (Reuters) -British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK's largest home and motor insurer. ...

What happened between Aviva & direct line?

Ahead of a Christmas Day deadline, the two insurance firms agreed to a merger after Aviva failed with a lower bid in November. Aviva has agreed a deal to buy rival company Direct Line for £3.7bn ahead of a Christmas Day deadline. ...

Did direct line reject a £3bn bid from Aviva?

Direct Line rejected a £3.3bn bid from Aviva last week. Direct Line is set to agree to a £3.6bn takeover by its bigger rival Aviva, after the FTSE 100 firm returned with a sweetened bid for the company today. ...

How many jobs could be lost by Aviva's £3.7bn takeover of direct line?

Up to 2,300 jobs could be lost through the £3.7bn takeover of Direct Line by Aviva, its larger rival, according to a joint statement by the UK insurers. On Monday, the boards of both companies announced they had reached agreement on the terms of a cash and shares approach first made by Aviva earlier this month. ...

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