Direct Line shares soar 41% as it rejects Aviva's $4.2 billion …

Nov 28, 2024 · LONDON (Reuters) -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 …

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Direct Line Shares Soar 41% As It Rejects Aviva's $4.2 Billion …

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Nov 28, 2024 · LONDON (Reuters) -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 …

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

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Nov 28, 2024 · 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 £3.3 billion …

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Direct Line Shares Surge 37% After Insurer Rejects Aviva Bid

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Nov 27, 2024 · Shares in Direct Line surged 37 per cent on Thursday after the UK motor insurer rejected a takeover bid from larger rival Aviva. Aviva, one of Britain’s largest insurers, said late …

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Direct Line Insurance Group PLC | Reuters

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Dec 6, 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 $4.2 Billion Aviva Bid - WSJ - The Wall Street …

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Aviva was offering 112.5 pence in cash and 0.282 new Aviva shares per Direct Line share ... Direct Line Rejects $4.2 Billion Aviva Bid. ... direct-line-says-avivas-4-16-billion-takeover …

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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 …

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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 LSE:DLG shares soared 41% on Thursday after it rejected a 3.28 billion pound ($4.15 billion) takeover bid from rival Aviva LSE:AV., as analysts expect a …

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Direct Line Surges After Rejecting Aviva Takeover Offer - Investing.com

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Nov 28, 2024 · Aviva’s offer, announced on November 19 and formally dismissed by Direct Line's board on November 26, represented a 59.7% premium over the share price on the day prior to …

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Direct Line Up 38% After Rejecting Aviva’s £4.1B Takeover Bid: …

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Nov 28, 2024 · Invezz.com - Direct Line (LON: DLGD) Insurance Group’s shares jumped by as much as 38% on Thursday on the back of news that Aviva (LON: AV) has made a £4.1 billion …

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UK's Aviva Contacts Direct Line Investors As Hostile Takeover Looms, …

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Nov 28, 2024 · The offer was at a nearly 60% premium to Direct Line's closing price on Nov.18 and was rejected. Direct Line said the proposal was "highly opportunistic". Aviva declined to …

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Direct Line Shares Soar 37% After Board Rejects Aviva Takeover Offer

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Nov 28, 2024 · Motor and home insurer Direct Line Insurance received its third bid of 2024 with larger UK rival Aviva ) pitching a 250p cash-and-shares after the closing bell last night. Direct …

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Aviva's Direct Line Takeover Faces 'material' Execution Risks, Says ...

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Dec 11, 2024 · Aviva's share price has fallen around 3% since the 275p-per-share offer offer for Direct Line was accepted on 6 December, after two earlier offers of 250p and 261p were …

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FAQs about Direct Line shares soar 41% as it rejects Aviva's $4.2 billion … Coupon?

Why did direct line stock rise 41% on Thursday?

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 motor and home insurer. ...

Why did direct line shares surge 42% after rejecting Aviva takeover offer?

Direct Line shares surge 42% after rejecting £3.3bn Aviva takeover offer The FTSE 250 insurer said the cash-and-stock offer from its larger rival was "highly opportunistic and substantially undervalued the company" We use your sign-up to provide content in ways you’ve consented to and improve our understanding of you. ...

Could a 'direct line' rejection pave way for Aviva's takeover offer?

Direct Line (UK:DLG) shares, listed on the London Stock Exchange, surged by 42% on Thursday as analysts suggested the rejection might pave the way for an increased takeover offer from Aviva. ...

Why did direct line's shares surge 42% on Thursday?

More info Direct Line, the FTSE 250-listed insurer, saw its shares surge by as much as 42% on Thursday morning after it turned down a £3.3bn takeover bid from larger competitor Aviva. ...

How much money did Aviva receive from a rejected direct line offer?

The rejected offer, valued at 250p per share, comprised 112.5p in cash alongside 0.282 new Aviva shares for each Direct Line share. ...

Will Aviva take over direct line Insurance Group plc?

LSE:AV. 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 analysts. The pair confirmed that an indicative cash and shares offer had been made, following press speculation, made up of 112.5p cash plus 0.282 new Aviva shares. ...