Nasdaq

Direct Line says Board ‘unanimously rejected’ Aviva’s ‘opportunistic’ offer

In a notice to the London Stock Exchange, Direct Line (DIISY) stated: The Board of Direct Line Group notes the recent announcement made by Aviva (AVVIY) plc regarding a possible offer for the Company ...
Nasdaq

Direct Line Insurance Agrees On Terms To Be Bought By Aviva In 275p/share In Cash, Stock Deal

(RTTNews) - Direct Line Insurance Group plc (DLG.L) Friday announced that it has reached preliminary agreement on the financial terms to be acquired by general insurance company Aviva plc (AV, AV.L) ...
Hosted on MSN

Aviva and Direct Line agree £3.7bn insurance tie-up

Aviva has agreed a deal to buy rival insurer Direct Line in a £3.7 billion swoop. The FTSE 100 insurer is set to purchase its smaller competitor after a £3.3 billion was bid turned down in November.
Bloomberg L.P.

Aviva Said to Boost Direct Line Takeover Bid to £3.4 Billion

Aviva Plc has increased its offer for Direct Line Insurance Group Plc to about £3.4 billion ($4.4 billion), days after its initial proposal to buy the UK motor insurer was rejected, people with ...
Seeking Alpha

Aviva: Direct Line Expected Acquisition Doesn't Change Its Income Appeal

Aviva's acquisition of Direct Line for $4.6 billion will significantly boost its market position in the U.K. personal lines, especially motor insurance. The deal is expected to generate £125 million ...
Morningstar

Direct Line shares surge 42% on rejection of Aviva's $4.2 billion takeover offer

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 ($4.2 billion) bid from ...
Hosted on MSN

Direct Line bosses out ahead of £3.7bn Aviva deal after bumper bonus revolt

The chief executive and chief financial officer of Direct Line are to step down when its £3.7bn sale to Aviva is complete, it has been announced. CEO Adam Winslow and CFO Jane Poole will leave their ...
Business Insider

Aviva confirms non-binding proposal submitted to Direct Line

In a notice to the London Stock Exchange, Aviva plc (AVVIY) stated: “In response to press speculation, Aviva announces that on 19 November 2024, it submitted a non-binding proposal to the Board of ...
Seeking Alpha

Aviva plc (AVVIY) Discusses Strong Results, Direct Line Integration Progress, and Raised Financial Targets Prepared Remarks Transcript

Today, we're announcing three key things. First, that we have delivered another strong set of results in Q3, growing across the group from General Insurance in the U.K., Canada and Ireland right ...
Wall Street Journal

Direct Line Rejects $4.2 Billion Aviva Bid

Direct Line Insurance Group DLG0.93%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 it ...
Law

Direct Line Hires GC Ahead of £3.7 Billion Aviva Deal

Riverbank House, Direct Line. Courtesy Photo. U.K. insurance company Direct Line has appointed its next general counsel, hiring from merchant banking group Close Brothers. Angela Yotov, Close Brothers ...