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Aviva, Direct Line
Direct Line Says Aviva’s $4.16 Billion Takeover Approach Substantially Undervalues Company
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. Describing the approach as highly opportunistic,
Goldman Switches Sides on Aviva’s £3 Billion Direct Line Bid
Goldman Sachs Group Inc. has switched sides to advise Aviva Plc on its £3.3 billion ($4.2 billion) takeover bid for Direct Line Insurance Group Plc, only eight months after helping the target successfully defend against another suitor.
Direct Line Shares Surge After Rebuffing £3.3 Billion Aviva Bid
Direct Line Insurance Group Plc shares surged as much as 39% after the insurer rejected a £3.3 billion ($4.2 billion) takeover bid from Aviva Plc, the second suitor it’s rebuffed this year.
Aviva goes direct to Direct Line shareholders
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Aviva
has contacted shareholders in Direct Line in a move that could pave the way for a hostile takeover bid for its smaller rival. The FTSE 100 insurer began to ...
Aviva purchase of Direct Line 'to push up prices'
James Daley is concerned the takeover will reduce competition and lead to even higher insurance premiums, which have rocketed in recent years.
Goldman switches to Aviva in Direct Line battle
Goldman Sachs is advising Aviva on its bid for Direct Line just eight months after helping its target fend off a bid from Belgian firm Ageas.
What next in Aviva’s bid for Direct Line?
Aviva, the £13bn UK insurance behemoth whose roots can be traced back to the late 17th century, is pursuing the younger, smaller Direct Line Group: a household name best known for motor cover and its marketing mascot — a red phone on wheels.
Irish Sun
6h
Kyra Carusa calls on Republic of Ireland fans to help script Euro 2025 ‘blockbuster’ at Aviva showdown vs Wales
The permutations are now simple in the play-off second leg tomorrow at the
Aviva
Stadium. Win - even on penalties - and ...
19h
on MSN
Direct Line founder Sir Peter Wood says Aviva must raise its offer
Direct Line rejected Aviva's £3.3billion bid, whereby shareholders would receive £1.12p a share in cash and 0.28 of a new ...
3d
on MSN
Aviva launches £3.4bn takeover bid for Direct Line to create car insurance giant
Aviva has launched a £3.4bn takeover bid for rival Direct Line in a tie-up that would create one of Britain’s largest car ...
Evoke.ie on MSN
20h
Cuteness overload! Rugby kids steal their dad's spotlight as Ireland beat Australia at the Aviva
The Irish rugby team did the country proud on Saturday when they beat Australia but they may have to vie for the spotlight ...
Insurance Times
2d
Aviva ‘contacts DLG shareholders’ as ‘hostile takeover’ looms
Aviva has contacted shareholders in Direct Line Group (DLG) to convince them to reconsider its takeover offer. That was ...
insurancebusinessmag
3d
Aviva Canada donates $500,000 to tackle food insecurity and inequality
Aviva Canada has announced a $500,000 contribution to support initiatives addressing food insecurity and promoting diversity, ...
GlobalData on MSN
3d
Aviva, NatWest Group enter protection partnership
The latest move is an extension of the existing relationship between NatWest Group and AIG Life, now under Aviva's ownership.
1d
Ireland skipper Caelan Doris credits ‘top class’ Australia attack after Andy Farrell’s side nick win at Aviva Stadium
IRELAND captain Caelan Doris hailed Joe Schmidt’s Australia side after Andy Farrell’s side won a close contest at Aviva ...
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Direct Line Insurance
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