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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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 , …

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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 0.79 % increase; green up pointing triangle said it rejected the 3.28 billion pounds ($4.16 billion) takeover approach from insurer and asset manager Aviva as …

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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 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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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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Insurer Direct Line Rejects Aviva's $4.16bln Takeover Bid - ZAWYA

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Nov 28, 2024 · British insurer Direct Line Insurance on Wednesday rejected a takeover offer of 3.28 billion pounds ($4.16 billion) from bigger rival Aviva, saying it "substantially undervalued" …

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Direct Line Insurance Rejects 4.16B Aviva Takeover Bid

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Nov 28, 2024 · UK’s Direct Line surges after rejecting Aviva’s $4.16 billion takeover offer (Reuters) -Shares in UK’s Direct Line Insurance soared over 36% in early trade on Thursday …

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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 …

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Direct Line Insurance Rejects Aviva $4.16B Takeover Offer

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Nov 28, 2024 · UK Direct Line Insurance rejects 4.16 billion takeover offer from Aviva, shares soar 39% to eight-month high of 220 pence. Analysts predict a higher bid.

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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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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 GBP3.3 billion …

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Direct Line Insurance Rejects Takeover Offer From Aviva

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Nov 28, 2024 · UK’s Direct Line surges after rejecting Aviva’s $4.16 billion takeover offer. ... (Reuters) -Shares in UK’s Direct Line Insurance soared over 36% in early trade on Thursday …

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

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British insurer Direct Line Insurance on Wednesday rejected a takeover offer of 3.28 billion pounds ($4.16 billion) from bigger rival Aviva, saying it "substantially undervalued" the …

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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 analysts.

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

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. ...

Will Aviva take over a direct line insurance company?

The end of the year is almost in sight for traders, yet the last mile will be anything but slow. 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. ...

How much is Aviva's direct line offer worth?

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. Based on Aviva's shares at 488p on 18 November, where the price roughly remained yesterday, this made the offer worth 250p per Direct Line share, with a total cost to Aviva of £3.28 billion. ...

Did Aviva undervalue direct line?

Life, motor and home insurer Aviva said late on Wednesday it made a 250-pence cash and share offer for Direct Line on Nov. 19, a nearly 60% premium to its close a day earlier. Direct Line said the deal "substantially undervalued" the company. Aviva said that Direct Line had refused to engage in further discussions. ...

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. ...

Could Aviva hike direct line bid or trigger bid battle with Ageas?

Aviva could hike Direct Line bid or trigger bid battle with Ageas, say analysts | LSE:AV. 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. ...