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,
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
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.
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.
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 according to the Financial Times (FT), which said that the move “could pave the way for a hostile takeover bid for its smaller rival”.
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.
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 ...
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 ...
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Cabinet minister ‘lost Aviva job’ after mobile phone offence
Transport secretary Lousie Haigh reportedly lost her job at Aviva after incorrectly telling police that a work mobile phone ...
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Aviva Investors fined over ESG breaches
Regulator CSSF found that the funds did not adequately follow the investment strategy outlined in the prospectus ...
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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, ...
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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.
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 ...
Eileen Gleeson on facing Wales in Dublin: ‘The Aviva is in our soul, this is our home’
Eileen Gleeson was playing it straight after a 1-1 result in Cardiff, until the last moment of her post-match press ...