Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion ...

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 42% On Rejection Of Aviva’s $4.2 Billion ...

1 week from now

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 …

marketwatch.com

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Direct Line Refuses Aviva's Bid And Shares Jump 42%

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Direct Line Insurance's shares soared 42% after rejecting Aviva's $4.16 billion takeover offer, stating the bid undervalued the company. What does this mean? Direct Line’s firm rejection of …

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Direct Line Investors Seek Higher Bid After Rejecting Aviva's $4.2 ...

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Dec 4, 2024  · 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 …

reuters.com

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Direct Line Shares Surge 42% After Rejecting £3.3bn Aviva Takeover …

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Nov 28, 2024  · 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. …

yahoo.com

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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 …

reuters.com

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

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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 war over the …

yahoo.com

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Direct Line Shares Surge After Rebuffing £3.3 Billion Aviva Bid

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Nov 27, 2024  · Direct Line Insurance Group Plc shares surged as much as 39% after the insurer rejected a £3.3 billion ($4.2 billion) takeover bid from Aviva Plc, the second suitor it’s rebuffed …

bloomberg.com

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

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November 2024 Share: Top News. 28. November 2024 13:19. Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion takeover offer. Direct Line’s shares surged as investor’s hoped …

wirtschaftsanzeiger.com

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DLG Shares Rise 42% Following Rejection Of Aviva Takeover Proposal

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Nov 28, 2024  · Direct Line Group shares surged by more than 42 percent in morning trading following yesterday’s news of Aviva’s rejected takeover proposal.

theinsurer.com

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Direct Line Rejects $4.2 Billion Aviva Bid - WSJ - The Wall Street …

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Direct Line Insurance Group DLG-0.40%decrease; red down pointing triangle said it rejected the 3.28 billion pounds ($4.16 billion) takeover approach from insurer and asset manager Aviva as …

wsj.com

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Direct Line Shares On The Rise After Aviva Bid Is Turned Down

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Nov 29, 2024  · Line, the FTSE 250-listed insurer, saw its shares surge by as much as 42% yesterday morning, after it turned down a £3.3 billion takeover bid from larger competitor …

pressreader.com

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Direct Line Surges After Rejecting Aviva Takeover Offer

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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 …

investing.com

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Direct Line Shareholders Seek Higher Bid Following Rejection Of …

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Dec 4, 2024  · Aviva had initially submitted a non-binding proposal to fully acquire Direct Line on November 19, 2022, in a cash and shares offer that represented a 59.7% premium on Direct …

ainvest.com

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Direct Line Investors Seek Higher Bid After Rejecting Aviva's $4.2 ...

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Dec 4, 2024  · The shareholders have supported the Direct Line board's decision to reject the proposal and not to engage with Aviva in further discussions, according to the FT report. Direct …

yahoo.com

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Direct Line Rejects Aviva £3.28B Offer, Shares Surge

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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 …

globalbankingandfinance.com

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

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Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion takeover offer. ... Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion takeover offer. 3 weeks ago 0 1 mins. …

bergonzinitiative.com

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Direct Line Investors Seek Higher Bid After Rejecting Aviva's $4.2 ...

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Dec 4, 2024  · Key investors in UK's Direct Line Insurance DLG are holding out for a higher takeover bid from Aviva AV. after the rejection of its 3.28 billion pound ($4.17 billion) offer, the …

tradingview.com

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UK Insurer Aviva To Shed Up To 2,300 Jobs In $4.65 Billion Direct …

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16 hours ago  · The deal, which was first announced earlier this month, will see Direct Line shareholders receive 0.2867 new Aviva shares, 129.7 pence in cash and up to 5 pence in the …

reuters.com

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Aviva Agrees To Buy UK Insurer Direct Line For £3.7 Billion

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16 hours ago  · Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer.

bloomberg.com

FAQs about Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion ... Coupon?

Did direct line reject Aviva's takeover bid?

Direct Line said its board considered Aviva's proposal with its advisers and concluded that it was "highly opportunistic". Direct Line rejected a 239-pence-per-share takeover bid from Belgian rival Ageas (AGES.BR) in March, which was 4.6% lower than Aviva's offer. Barclays analysts said they thought Ageas could make a further approach. ...

Why did direct line's shares surge 42%?

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?

(Reuters) - 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 250P offer?

The proposal, which was made on 19 November, was unanimously rejected by Direct Line's board, who described it as "highly opportunistic and substantially undervalued the company". Aviva's unsuccessful 250p offer was divided equally between cash and shares. ...

Did direct line reject Aviva's 'highly opportunistic' offer?

In a statement late Wednesday, Direct Line said it had rejected Aviva’s “highly opportunistic” offer and suggested its main rival’s 250 pence per share bid “substantially undervalued” its business. Already a subscriber? Sign In Louis Goss is a MarketWatch reporter based in London. ...

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