Direct Line Shares Surge

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.
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 soar by 40% after it rejects Aviva overture
Shares in Direct Line jumped by more than 40% today on the news it has rejected a £3.25bn ($4.12bn) potential takeover bid from Aviva. As at 14:00 London time, Aviva’s share price had fallen by nearly 3%.
Direct Line surges after rejecting Aviva's takeover bid
British insurer Direct Line Insurance has rejected a takeover offer of £3.28 billion from bigger rival Aviva, saying it "substantially undervalued" the company.
Direct Line Shares Leap After Rejection of Second Takeover Approach This Year
Direct Line Insurance Group shares rose after the company said it rejected a 3.28 billion-pound ($4.16 billion) takeover proposal from British nonlife insurer Aviva, its second approach in eight months.
Direct Line shares soar as it rejects UK rival's £3.3bn takeover offer
The company, which has embarked on a turnaround strategy, rejected Aviva's non-binding offer on value grounds but its larger rival, and other players, could yet come forward with a sweetened deal according to many analysts.
Aviva in £3.3bn bid for Direct Line: Takeover battle erupts as insurer rejects rival's 'highly opportunistic' offer
The insurance giant, led by Amanda Blanc (pictured), revealed last night that it tabled an offer for its smaller competitor worth 250p a share.
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
UK's Direct Line surges after rejecting Aviva's $4.16 billion takeover offer
(Reuters) -Shares in UK's 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.
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 ...
Direct Line shares rocketed 41% yesterday! What now?
Direct Line shares have smashed through the ceiling on news of a takeover bid from another UK insurance giant. Our writer ...
Wall Street Journal4d
Direct Line Rejects $4.2 Billion Aviva Bid
Direct Line Insurance Group DLG44.80%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 ...
Seeking Alpha6d
Direct Line Is Now An Interesting Value Play
Direct Line's recent operating performance has improved, showing progress in its turnaround program, despite past weak trends and high claims inflation. The company's focus on underwriting ...