Market Watch: Aviva finalises £3.7billion takeover of rival Direct Line

Dec 23, 2024  · Under the deal, which values the entire diluted share capital of Direct Line at around £3.7billion, for each Direct Line share, holders will get 0.2867 new Aviva shares, …


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Market Watch: Aviva Finalises £3.7billion Takeover Of Rival Direct Line

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Dec 23, 2024  · Under the deal, which values the entire diluted share capital of Direct Line at around £3.7billion, for each Direct Line share, holders will get 0.2867 new Aviva shares, …

agcc.co.uk

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Direct Line Rejects $4.16 Bln Aviva Bid - MarketWatch

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The price was a 60% premium to Direct Line's closing price of 156.50 pence the day before. Under the deal Aviva was offering 112.5 pence in cash and 0.282 new Aviva shares per Direct …

marketwatch.com

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Aviva Buys Direct Line, Gaining Share Of The UK Motor Insurance …

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Dec 24, 2024  · Aviva has agreed to pay £3.7bn for rival company (€4.5bn) in time for the Christmas Day deadline. The deal will pave the way for the combined group to own a fifth of …

euronews.com

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Aviva Acquires Direct Line In £3.7 Billion Cash And Share Deal

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Dec 23, 2024  · Morgan Stanley and Robey Warshaw LLP are providing independent financial advice to the Direct Line Directors for the purposes of Rule 3 of the Takeover Code. …

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Aviva And Direct Line Agree £3.7bn Insurance Tie-up - Yahoo Finance

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Dec 23, 2024  · The takeover will see Aviva pay 129.7 pence in cash and 0.2867 of its own shares for each Direct Line share. It will also pay up to 5p in dividend payments per share to Direct …

yahoo.com

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

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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 billion pound …

reuters.com

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2,000 Jobs Set To Be Lost In Aviva’s £3.7bn Takeover Of Direct Line

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Dec 23, 2024  · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Up to 2,300 jobs could be lost through the £3.7bn takeover of Direct Line by Aviva, …

ft.com

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Direct Line Shares Leap After Rejection Of Second Takeover …

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Nov 28, 2024  · Direct Line Insurance Group shares rose after the company said it rejected a 3.28 billion-pound ($4.16 billion) takeover proposal from British nonlife insurer Aviva, its second …

marketwatch.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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UK Insurer Aviva To Buy Direct Line In $4.65 Billion Deal

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Dec 23, 2024  · (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 …

marketscreener.com

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How Aviva Won Direct Line In Eight Days - Financial Times

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Dec 6, 2024  · After three offers from Aviva, the first of which was only made public last week, Direct Line’s board agreed late on Thursday to a £3.6bn takeover with its larger rival.

ft.com

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Aviva To Buy Direct Line – What It Means For Insurance Customers

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Jan 11, 2025  · The insurer Aviva has agreed to acquire its rival Direct Line in a deal worth £3.7bn. The takeover is expected to be completed in mid-2025, at which point Direct Line Group's …

which.co.uk

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

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Dec 6, 2024  · Direct Line has accepted an improved takeover offer from Aviva that will see the U.K.’s largest insurer fully-acquire its smaller rival for £3.6 billion ($4.6 billion).

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Aviva Agrees To Buy Direct Line In £3.6bn Insurance Deal - Financial …

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Dec 6, 2024  · The latest offer would see Aviva pay 129.7p in cash, and 0.2867 of its own shares for each Direct Line share. Direct Line shareholders would also receive a 5p-per-share …

ft.com

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Can This Takeover News Give Aviva Shares The Boost We've Been …

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Dec 23, 2024  · The final terms of the agreement mean Direct Line shareholders will receive 0.2867 new Aviva shares, as well as 129.7p in cash, plus “up to 5% in the form of dividend …

fool.co.uk

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Goldman Switches Sides On Aviva’s £3 Billion Direct Line Bid

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Nov 28, 2024  · In 2012, Goldman Sachs was a joint lead manager on Direct Line’s initial public offering, which raised £906 million. Before Aviva’s bid for Direct Line, the two companies had …

bnnbloomberg.ca

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M&A News: Direct Line Turns Down Aviva’s £3.3B Bid - Nasdaq

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Nov 28, 2024  · The British insurer Direct Line Insurance Group PLC (GB:DLG) has turned down the £3.3 billion takeover bid from its UK-based rival firm Aviva PLC (GB:AV). In a statement, …

nasdaq.com

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Market Watch: Aviva Launches £3.3bn Takeover Bid For Direct Line

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Nov 28, 2024  · Aviva has launched a £3.3billion takeover bid for its rival Direct Line, in an attempt to create one of Britain's largest car insurance companies. The cash-and-shares proposal …

agcc.co.uk

FAQs about Market Watch: Aviva finalises £3.7billion takeover of rival Direct Line Coupon?

How did the Aviva share price react in early trading?

The early market reaction saw barely any movement for the Aviva share price, but Direct Line rose another 3% in early trading. That really just cements the recent trend, with Direct Line shares up 58% since news of the talks first broke on 27 November. ...

How much will Aviva pay direct line shareholders?

The takeover will see Aviva pay 129.7 pence in cash and 0.2867 of its own shares for each Direct Line share. It will also pay up to 5p in dividend payments per share to Direct Line shareholders as part of the deal. Aviva shareholders will own approximately 87.5% of the new company while Direct Line shareholders will own about 12.5%. ...

Will Aviva take over direct line?

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Up to 2,300 jobs could be lost through the £3.7bn takeover of Direct Line by Aviva, its larger rival, according to a joint statement by the UK insurers. ...

How did Aviva's share price compare to direct line?

Aviva's share price was down around 0.5% in Friday daily trading at about 10h45 CET. Direct Line shares were up around 7% in daily trading at the same time. The UK insurance firm Aviva has improved on an earlier deal rejected by its smaller competitor Direct Line. ...

Does Aviva have a cash & share approach to direct line?

Earlier in the day Aviva said that it had made a cash and share approach to Direct Line--which houses Churchill, Green Flag and its namesake brand among its portfolio offering car, pet, home and other insurances--on Nov. 19 that valued each share at 250 pence. ...

Will Aviva & Direct Line merge?

Aviva shareholders will own approximately 87.5% of the new company while Direct Line shareholders will own about 12.5%. Shareholders will get the chance to vote on the deal in March, with the merger completing in mid-2025. Danuta Gray, chairwoman of Direct Line, said the deal “reflects the attractiveness of Direct Line”. ...

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