UK insurer Aviva to shed up to 2,300 jobs in $4.65 billion Direct …

16 hours ago  · LONDON, Dec 23 (Reuters) - British insurer Aviva (AV.L), opens new tab could cut up to 2,300 jobs as it takes over smaller rival Direct Line (DLGD.L), opens new tab in a 3.7 …


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

1 week from now

16 hours ago  · LONDON, Dec 23 (Reuters) - British insurer Aviva (AV.L), opens new tab could cut up to 2,300 jobs as it takes over smaller rival Direct Line (DLGD.L), opens new tab in a 3.7 …

reuters.com

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Insurance Giant Aviva Agrees To Buy Direct Line For $4.6 Billion

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Dec 6, 2024  · Aviva's previous bid, on Nov. 19, saw the British insurance giant offer to fully-acquire Direct Line for 250 pence per share, or GBP3.3 billion, in an offer that was rejected by …

morningstar.com

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

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LONDON (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 ...

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

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15 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

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Aviva Agrees To Buy UK Insurer Direct Line For £3.7 Billion (3)

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15 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.. Each Direct Line …

bloomberglaw.com

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

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Dec 6, 2024  · 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 largest home and …

reuters.com

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Aviva Agrees To Buy U.K. Insurer Direct Line For £3.7 Billion

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12 hours ago  · Aviva agrees to buy U.K. insurer Direct Line for £3.7 billion BY Aaron Kirchfeld and Bloomberg Aviva has been on an acquisition spree in recent years to bulk up its U.K. business.

fortune.com

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Direct Line Agrees To Aviva’s Sweetened $4.6 Billion Takeover …

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Direct Line agreed to an improved takeover bid from Aviva valuing the nonlife insurer at 3.61 billion pounds ($4.61 billion), the companies said. Insurer and asset manager Aviva won over …

msn.com

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Aviva Reaches Preliminary Deal With Direct Line On Takeover

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Dec 5, 2024  · 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 motor insurer.

bloomberg.com

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Insurance Giant Aviva Agrees To Buy Direct Line For $4.6 Billion

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Dec 6, 2024  · The logo at the British insurance giant Aviva’s headquarters in London, on October 5, 2009. Aviva has agreed to buy Direct Line for £3.6 billion. Photo: Agence France …

marketwatch.com

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Aviva Set To Buy Direct Line After Sweetened Bid - RTÉ

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Dec 6, 2024  · British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened £3.61 billion cash-and-stock deal that will create the UK's largest home and motor insurer.

rte.ie

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line

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Dec 6, 2024  · A joint statement indicates Aviva paying in the region of £3.5 billion via cash and shares, valuing Direct Line at 2.8x its 2023 tangible equity (when the latter made a negative …

insurancejournal.com

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Aviva Set To Buy Direct Line After $4.60 Billion Sweetened Bid

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Dec 6, 2024  · (Reuters) - British insurer Direct Line said on Friday it was set to recommend a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock takeover by Aviva, if the bigger …

marketscreener.com

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

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5 days ago  · 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 market.

yahoo.com

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

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23 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.Each Direct Line …

insurancejournal.com

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Aviva Enters Preliminary Deal On £3.6bn Direct Line Buyout

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Dec 6, 2024  · British motor insurer Direct Line has signed a preliminary agreement on the financial terms for a sweetened buyout bid of £3.6bn ($4.6bn), or 275 pence per share, from …

lifeinsuranceinternational.com

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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 …

yahoo.com

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Thousands Of Jobs At Risk As Aviva Strikes £3.7bn Deal To Buy Direct …

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10 hours ago  · Up to 2,300 jobs are at risk after Aviva agreed to buy rival Direct Line in a £3.7bn deal. The two insurance giants on Monday said they had reached an agreement to merge and …

telegraph.co.uk

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

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23 hours 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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Direct Line Accepts £3.6bn Takeover Offer From Aviva, Creating ...

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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

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英傑華同意以37億英鎊收購保險商Direct Line 將締造英國最大車險 …

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13 hours ago  · 原文標題Aviva Agrees to Buy UK Insurer Direct Line in £3.7 Billion DealMore stories like this are available on bloomberg.com©2024 Bloomberg L.P. 【彭博】-- 英傑華集團 …

yahoo.com

FAQs about UK insurer Aviva to shed up to 2,300 jobs in $4.65 billion Direct … Coupon?

Is Aviva buying direct line?

REUTERS/Simon Dawson© Thomson Reuters LONDON (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. ...

Will Aviva be merged with Direct Line Insurance Group plc?

If her £3.6 billion ($4.6 billion) plan to combine Aviva with Direct Line Insurance Group Plc that was announced on Friday goes through, it’ll be her largest acquisition on record and the highlight of more than four years of work to transform the insurer — while handing Aviva a rival company run by one of her former lieutenants. ...

Will Direct Line & Aviva become UK's largest motor insurer?

Combined, Direct Line and Aviva would become the UK’s largest motor insurer — catapulting past their larger competitor Admiral — and Bloomberg Intelligence said the deal would double Aviva’s share in that market. What Bloomberg Intelligence Says: ...

How much will Aviva pay a direct line shareholder?

Under the terms of the deal, for each Direct Line share held, shareholders will receive 0.2867 new Aviva shares, 129.7 pence in cash and up to 5 pence in the form of dividend, Aviva said. Aviva and Direct Line reached a preliminary agreement in early December. ...

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. ...

Will direct line's board endorse a buyout offer from Aviva?

After discussions with advisers and shareholders, Direct Line’s board is inclined to endorse the offer. Credit: T. Schneider/Shutterstock. British motor insurer Direct Line has signed a preliminary agreement on the financial terms for a sweetened buyout bid of £3.6bn ($4.6bn), or 275 pence per share, from Aviva. ...

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