Category: Aviva
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Aviva agrees £3.7bn deal to acquire Direct Line, forming a UK motor insurance powerhouse
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Aviva has entered into a definitive agreement to acquire Direct Line for £3.7bn, creating one of Britain’s largest motor insurers. The FTSE 100 insurer will pay 275 pence per share for the FTSE 250 company, representing a 73.3 per cent premium to Direct Line’s share price before the talks emerged…
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Direct Line Rejects £3.3 Billion Takeover Offer From Aviva
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Breadcrumb links BMN Business Direct Line Insurance Group Plc has rejected a £3.3 billion ($4.2 billion) takeover bid from Aviva Plc, rejecting a second suitor this year. Article writer: Bloomberg News Ek Henning, Dinesh Nair, and Jan-Henrik Forster Posted on November 27, 2024 • 2 min read You can save…