Direct Line shares surge 7% after 'flawless' Aviva bid
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 and the rest in new Aviva shares, plus a 5p dividend payment subject to board approval.
Insurance giant Aviva agrees to buy Direct Line for $4.6 billion
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 accepts enlarged takeover offer from Aviva
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 shares, plus a 5p dividend payment subject to board approval.
Aviva set to buy Direct Line after $4.60 billion sweetened bid
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.
Aviva reportedly ups offer for Direct Line to £3.4bn
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 reported 261p-per-share offer comes a week after Direct Line rejected an initial offer from Aviva valuing the business at £3.3 billion.
Aviva sweetens Direct Line bid to $4.33 billion, Bloomberg News reports
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 the matter.
Direct Line could see more advances from Aviva and Ageas, reckons Berenberg
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 turned down a bid tabled by Aviva, saying it was "highly opportunistic and substantially undervalued the company".
UK's Aviva contacts Direct Line investors as hostile takeover looms, FT reports
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.
Direct Line bid would accelerate Aviva's 'capital-light' strategy, says investment bank
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 shares surge 42% on rejection of Aviva's $4.2 billion takeover offer
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
Aviva could up Direct Line offer but investors 'would do well to accept', say analysts
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.
UK's Direct Line surges after rejecting Aviva's $4.16 bln takeover proposal
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 "substantially undervalued" the company.
