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Direct Line backs £3.6bn takeover move by rival Aviva

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Direct Line backs £3.6bn takeover move by rival Aviva

Y
Yorkshire Post

323 Views • Dec 06, 2024

Description

Direct Line has said it plans to back a takeover move by rival insurance firm Aviva. The firms said they have reached an initial agreement over a cash-and-shares deal valuing Direct Line at £3.61 billion, or 275p per share. Aviva made the sweetened approach after seeing a £3.3 billion takeover tilt rebuffed last month. #aviva #directline

Keywords & Tags

#Yorkshire Post #Yorkshire #National #Business #UK #FTSE #Direct Line #Aviva #Insurance #York #Sheffield #MA #Economy

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