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
Aviva PLC's (LSE:AV.) deal to buy Direct Line Insurance Group PLC (LSE:DLG) for 275p gets a mixed welcome from Barclays though analysts at the bank still keep a ‘buy' rating on the UK insurer.

Ninety One UK Ltd - Form 8.3 - Aviva Plc

06:37am, Monday, 09'th Dec 2024
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Direct Line Insurance Group PLC (LSE:DLG) shares surged 7% on Friday following an agreement to be taken over by FTSE 100 insurance giant Aviva plc. The proposed combination includes 129.7p in cash an
Aviva, the U.K.'s largest insurance company, has agreed to fully-acquire Direct Line for 275 pence per share, or £3.6 billion ($4.6 billion)
Direct Line Insurance Group PLC (LSE:DLG) has signed a preliminary agreement to be acquired by Aviva plc for 275p per share. The proposed combination includes 129.7p in cash and the rest in new Aviva
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 rival makes a formal offer.
Insurance giant Aviva plc has increased its offer for Direct Line Insurance Group PLC (LSE:DLG) to £3.4 billion, according to a Bloomberg report citing “people with knowledge of the matter”. The
Insurance company Aviva has sweetened its bid for UK's Direct Line to about 3.4 billion pounds ($4.33 billion), or 261 pence per share, Bloomberg News reported on Thursday, citing people familiar with
Analysts at Berenberg reckon the saga surrounding a possible Direct Line Insurance Group PLC (LSE:DLG) takeover has a few more chapters left. The motor and home insurer confirmed last week that it had
Insurance company Aviva has contacted investors in bid target Direct Line , a move that could pave the way for a hostile takeover of the smaller rival, the Financial Times reported on Thursday.
A potential acquisition of Direct Line Insurance Group PLC (LSE:DLG) by Aviva PLC (LSE:AV.) could significantly accelerate the latter's move toward capital-light earnings, according to UBS.
Direct Line's shares surged as investor's hoped the rejection might pave the way for a second takeover bid from the U.K.'s largest insurance company
After Aviva PLC's (LSE:AV.) £3.3 billion takeover bid for Direct Line Insurance Group PLC (LSE:DLG) was rejected, another bid is a "distinct possibility", according to analysts.
Shares in UK insurer 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 , saying it "substan
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