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

D irect 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 ($4.2 billion) bid ...


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

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D irect 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 ($4.2 billion) bid ...

msn.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 …

finimize.com

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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 …

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

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Direct Line described Aviva’s $4.2 billion takeover approach as highly opportunistic and said it substantially undervalued the company. Aviva was offering 112.5 pence in cash and 0.282 …

wsj.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 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 …

marketwatch.com

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

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Nov 28, 2024  · Direct Line surges after rejecting Aviva takeover offer ... comprised 112.5p in cash alongside 0.282 new Aviva shares for each Direct Line share. ... -42.3-0.71%. Dow Jones . …

investing.com

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AV. Stock Price Quote | Morningstar

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Jan 31, 2025  · Insurance giant Aviva agrees to buy Direct Line for $4.6 billion MarketWatch Dec 6, 2024 12:06pm Direct Line shares surge 42% on rejection of Aviva's $4.2 billion takeover offer

morningstar.com

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Direct Line Shares Surge After £3.3bn Aviva Takeover Approach

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Nov 28, 2024  · Photographer: Hollie Adams/Bloomberg via Getty Images. Shares in Direct Line surged as much as 42 per cent on Thursday morning after the insurer rejected a £3.3bn …

yahoo.com

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

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Nov 28, 2024  · The blogger who helped spark Nvidia’s $600 billion stock collapse and a panic in Silicon Valley ... Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion takeover …

kaatassetmanagement.com

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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 shares surge 42% on rejection of Aviva’s $4.2 billion takeover offer. by | Nov 28, 2024 | Uncategorized. Direct Line’s shares surged as investor’s hoped the rejection …

yourpersonalbank.com

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UK's Direct Line Surges After Rejecting Aviva's $4.16 Bln Takeover ...

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Nov 28, 2024  · 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 Aviva , …

reuters.com

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Direct Line Shareholders Seek Higher Bid Following Rejection Of …

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Dec 4, 2024  · Direct Line investors are seeking a higher bid from Aviva after rejecting its £3.28 billion ($4.17 billion) offer. Key shareholders support the Direct Line board's decision to reject …

ainvest.com

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3 days ago  · The sixth and perhaps most well-known is Saudi Arabia’s Public Investment Fund (PIF), whose $925 billion has been used for investments in Uber, electric vehicle company …

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

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. ...

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 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 reject Aviva's FTSE 250 takeover offer?

FTSE 250-listed Direct Line was thrust into the takeover spotlight on Wednesday evening after confirming Aviva had made a proposal on 19 November. Direct Line’s board unanimously rejected the offer, saying it was “highly opportunistic and substantially undervalued the company”. Aviva’s rejected 250p bid was split half as cash and half as shares. ...

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. ...

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. ...

What happened to Aviva's rejected 250P bid?

Aviva’s rejected 250p bid was split half as cash and half as shares. Direct Line’s share price is currently trading at around 224p, from 159p at Wednesday’s close, suggesting investors are preparing for a higher offer or counter-bid. ...

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