Aviva to acquire Direct Line for £3.7bn
Reinsurance News - Dec 23, 2024
Aviva has agreed a deal to acquire Direct Line in a £3.7 billion cash-and-stock deal, a move that will create the UK’s largest home and motor insurer. Under the terms of the £3.7 billion new deal, for each Direct Line share held, shareholders will receive 0.2867 new Aviva shares, 129.7 pence in cash...
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