Direct Line Shares Surge

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
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.
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 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.
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 Stoxx 600 index was 0.47% higher at 3:45 p.m. in London, slightly pulling back from earlier gains.
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 says Board ‘unanimously rejected’ Aviva’s ‘opportunistic’ offer
In a notice to the London Stock Exchange, Direct Line (DIISY) stated: The Board of Direct Line Group notes the recent announcement made by
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
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.
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.
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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 ...
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 ...
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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 ...
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 ...