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 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.
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.
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 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%.
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.
Aviva reveals Direct Line rejected £3.25bn bid
Aviva announced today that Direct Line has rejected a £3.25bn potential takeover proposal from its peer, as the UK-listed insurer continues to show an appetite for acquisition and growth into UK personal lines.
Direct Line Insurance Confirms Its Rejection Of Aviva's Proposal - Quick Facts
Direct Line Insurance Group plc (DLG.L) confirmed that on 19 November 2024 it received an unsolicited, indicative and conditional
The Financial Times4d
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 ...
Europe stocks higher with inflation in focus; Direct Line soars 40% after rejecting Aviva bid
European markets were higher Thursday, rallying after a day in the doldrums during the previous session. The pan-European ...
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 ...