Aviva asks Direct Line shareholders to back 2nd bid

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 ...
Direct Line Shares Surge After Rebuffing £3.3 Billion Aviva Bid
Aviva Plc is exploring a potential takeover of Direct Line Insurance Group Plc, people with knowledge of the matter said.
Aviva asks Direct Line shareholders to back second bid
Aviva is contacting Direct Line’s shareholders in an attempt to convince them to back a takeover bid, after the motor insurance giant’s board rebuffed an £3.3bn approach.
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.
What next in Aviva’s bid for Direct Line?
Dame Amanda Blanc, Aviva’s chief executive since 2020, is keen to accelerate the group’s performance, in part through acquisitions. She has overhauled the group, selling a series of overseas operations early in her tenure and returning billions of pounds to shareholders.
Direct Line shares surge as insurer rejects Aviva's £3.3bn takeover bid
Direct Line topped gains on the FTSE 250 mid-cap index, while Aviva's shares fell around 3 per cent to be the top percentage loser on the blue-chip FTSE 100 index.
Aviva and Ageas 'could go head-to-head in Direct Line bidding war'
The City is braced for a Direct Line bidding war after Aviva threw the company into the takeover spotlight for the second time this year with a £3.3bn approach
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 surge after £3.3bn Aviva takeover approach
Shares in Direct Line surged as much as 40 per cent on Thursday morning after the insurer rejected a £3.3bn takeover approach from Aviva.
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.
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 ...
Wall Street Journal3d
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 ...