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 ...
Aviva has agreed a deal to buy rival insurer Direct Line in a £3.7 billion swoop. The FTSE 100 insurer is set to purchase its smaller competitor after a £3.3 billion was bid turned down in November.
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 ...
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