BRITISH insurer Direct Line Insurance on Wednesday (Nov 27) rejected a takeover offer of £3.3 billion (S$5.6 billion) from bigger rival Aviva, saying it “substantially undervalued” the company. On Nov ...

Direct Line has rejected a £3.3bn takeover offer from FTSE 100 insurer Aviva, the second suitor it has rejected so far this year. In a stock exchange announcement, Aviva confirmed that it had ...

Riverbank House, Direct Line. Courtesy Photo. U.K. insurance company Direct Line has appointed its next general counsel, hiring from merchant banking group Close Brothers. Angela Yotov, Close Brothers ...

(Bloomberg) — 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 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Aviva has contacted shareholders in Direct Line in a move that could pave the way for a hostile takeover bid ...

LONDON (Reuters) -Direct Line shares soared 41% on Thursday after it rejected a 3.28 billion pound ($4.15 billion) takeover bid from rival Aviva, as analysts expect a bidding war over the British ...

BRITISH insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened £3.6 billion (S$6.2 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer. In a joint ...

Under the terms of the deal, Direct Line shareholders will receive 0.2867 newly issued Aviva shares, 129.7 pence in cash per share, and up to 5 pence in potential dividend payments, subject to ...

Insurer Direct Line has seen shares soar after being thrust into the takeover spotlight once again following a £3.3 billion approach from rival Aviva. The firm saw its stock surge more than 39% in ...