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 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.
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.
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.
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 ...
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 ...
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 ...
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 ...
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 ...