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 shares soar 41% as it rejects Aviva's $4.2 billion takeover bid
By Raechel Thankam Job, Carolyn Cohn and Anousha Sakoui LONDON (Reuters) -Direct Line shares soared 41% on Thursday after it rejected a 3.28 billion pound ($4.15 billion) takeover bid from rival Aviva,
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 speculates on what might happen next.
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 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.
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.
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 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 ...
Morningstar3d
Direct Line's Competitive Position Steadying After Change in Regulations and Operational Headwinds
Direct Line was founded by Peter Wood and Martin Long in 1985 as a personal lines insurer that operated with a model of direct sales. The business became synonymous with selling directly and for ...
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 ...
Yahoo Finance3d
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. The FTSE 100 insurer ...
Morningstar3d
Direct Line: Things Are Heating Up in Aviva's Approach for Direct Line
Aviva has reportedly directly contacted shareholders of Direct Line. This is after Direct Line's board dismissed Aviva's takeover approach on Nov. 19 at a price of GBX 112.5 cash per share and ...