Direct Line rejects ‘highly opportunistic’ £3.28bn takeover bid from Aviva
Reinsurance News - Nov 28, 2024
Direct Line has unanimously rejected Aviva’s £3.28 billion ($4.16 billion) 100% acquisition proposal, stating that it does not adequately reflect the firm’s standalone value, describing the offer as “highly opportunistic” and not in line with its long-term potential. In a rec...
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