Direct Line shares soar 41% as it rejects Aviva's $4.2 bln takeover bid

Nov 27, 2024 · Direct Line shares soared 41% on Thursday after it rejected a 3.28 billion pound ($4.15 billion) takeover bid from rival Aviva , as analysts expect a bidding war over the British …

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Direct Line Shares Soar 41% As It Rejects Aviva's $4.2 Bln Takeover Bid

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Nov 27, 2024 · Direct Line shares soared 41% on Thursday after it rejected a 3.28 billion pound ($4.15 billion) takeover bid from rival Aviva , as analysts expect a bidding war over the British …

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Direct Line Rejects $4.16 Bln Aviva Bid - MarketWatch

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By Ian Walker Direct Line Insurance Group said it rejected the 3.28 billion pounds ($4.16 billion) takeover approach from insurer and asset manager Aviva as it substantially undervalued the …

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Direct Line Group Rejects Aviva's £3.3 Billion Takeover Proposal

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Nov 28, 2024 · Direct Line Insurance Group Plc has rejected a £3.3 billion (US$4.2 billion) acquisition proposal from Aviva Plc, marking the second time this year it has rebuffed a suitor.

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Direct Line Shares Surge 42% On Rejection Of Aviva's $4.2 Billion ...

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Nov 28, 2024 · By Louis Goss Direct Line's shares increased by over 40% on Thursday on hopes its main rival Aviva might submit another higher takeover bid following its decision to reject a …

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Insurer Direct Line Rejects Aviva's $4.16 Billion Takeover Bid

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Nov 27, 2024 · British insurer Aviva said on Wednesday smaller rival Direct Line Insurance had rejected a 3.28-billion-pound takeover offer from the company. Aviva made the 250-pence-per …

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UK’s Direct Line Surges After Rejecting Aviva’s $4.16 Billion Takeover ...

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Nov 28, 2024 · (Reuters) -Shares in UK’s Direct Line Insurance soared over 36% in early trade on Thursday after it rejected a 3.28 billion pound ($4.16 billion) takeover offer from bigger rival …

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Aviva Could Hike Direct Line Bid Or Trigger Bid Battle With Ageas, …

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Nov 28, 2024 · After Aviva PLC's (LSE:AV.) £3.3 billion takeover offer for Direct Line Insurance Group PLC (LSE:DLG) was rejected, another bid is a "distinct possibility", according to …

proactiveinvestors.co.uk

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Direct Line Insurance Rejects 4.16B Aviva Takeover Bid

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Nov 28, 2024 · Direct Line Insurance sees 36% jump in stock price after rejecting $4.16 billion bid from Aviva, stating company is undervalued

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Goldman Switches Sides On Aviva’s £3 Billion Direct Line Bid

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Nov 28, 2024 · Goldman Sachs Group Inc. has switched sides to advise Aviva Plc on its £3.3 billion ($4.2 billion) takeover bid for Direct Line Insurance Group Plc, only eight months after …

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Insurer Direct Line Rejects Aviva's $4.16 Billion Takeover Bid

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Nov 27, 2024 · British insurer Aviva AV. said on Wednesday smaller rival Direct Line Insurance DLG had rejected a 3.28-billion-pound ($4.16 billion) takeover offer from the company. Aviva …

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Aviva Could Hike Direct Line Bid Or Trigger Bid Battle With Ageas, …

3 weeks from now

Nov 28, 2024 · After Aviva PLC's (LSE:AV.) £3.3 billion takeover offer for Direct Line Insurance Group PLC (LSE:DLG) was rejected, another bid is a "distinct possibility", according to …

proactiveinvestors.com

FAQs about Direct Line shares soar 41% as it rejects Aviva's $4.2 bln takeover bid Coupon?

Will Aviva take over UK Direct Line insurance?

Key investors in UK's Direct Line Insurance are holding out for a higher takeover bid from Aviva after the rejection of its 3.28 billion pound ($4.17 billion) offer, the Financial Times reported on Wednesday. ...

Why did direct line reject Aviva's takeover approach?

By Ian Walker Direct Line Insurance Group said it rejected the 3.28 billion pounds ($4.16 billion) takeover approach from insurer and asset manager Aviva as it substantially undervalued the company. ...

Did Aviva rebuff direct line?

Direct Line Insurance Group Plc has rejected a £3.3 billion (US$4.2 billion) acquisition proposal from Aviva Plc, marking the second time this year it has rebuffed a suitor. Aviva’s offer valued Direct Line at approximately 250 pence per share, a 58% premium to the insurer’s closing share price on the same day. ...

How much did Aviva offer direct line?

Aviva’s offer valued Direct Line at approximately 250 pence per share, a 58% premium to the insurer’s closing share price on the same day. In a statement, Direct Line confirmed it received the unsolicited and conditional offer on November 19, 2024. The terms included 112.5 pence in cash and 0.282 new Aviva shares for every Direct Line share. ...

Why did direct line reject Aviva?

Direct Line said it considered the approach with its advisors and rejected the approach on Tuesday. Aviva said it believed the proposal represented a highly compelling offer which was designed to encourage engagement so the two companies could start work toward an offer announcement. ...

Will Aviva pay 275p per share?

The bid, which values Direct Line at £3.6bn, entails Aviva paying 275p per share. This comes after Direct Line rejected Aviva’s lower offer of 250p last week, stating that it “substantially undervalued the company”. On the terms of the new offer, Aviva would pay 129.7p in cash, and 0.2867 new Aviva shares would be issued for each Direct Line share. ...