EXPLAINED: 6 - The Real Truth

Direct Line backs £3.6bn takeover move by rival Aviva

Aviva made the sweetened approach after seeing a £3.3 billion takeover tilt rebuffed last month.

Evening Standard · Dec 6, 2024

Direct Line accepts £3.6bn takeover after rival insurer Aviva raises bid

Preliminary agreement reached after third offer, which values Direct Line at 275p a share

The Guardian - UK · Dec 6, 2024

Boss of takeover target Direct Line wants time to turn around insurer

New management at struggling firm, which rejected £3.3bn bid from Aviva, ‘making excellent progress’, says CEO

The Guardian - UK · Dec 1, 2024

5 home maintenance mistakes that could cause costly repairs this winter

Taking some time to check over the state of a property now could help households to avoid a winter chill on their finances.

The Independent UK · Nov 29, 2024

Louise Haigh resigns as transport secretary after admitting phone offence

Haigh tells PM she is ‘totally committed’ but leaves role after incorrectly telling police a work mobile phone was stolen in 2013

The Guardian - UK · Nov 29, 2024

The market is not sentimental. Direct Line’s days of independence look numbered

Aviva offer looks to be opening shot in a negotiation – and Direct Line knows there will be a price at which it has to roll over

The Guardian - UK · Nov 28, 2024

London stocks close in green as takeover flurry drives FTSE 250 higher

London’s top index finished 6.47 points higher to end the day at 8,281.22.

The Independent UK · Nov 28, 2024

Aviva could make higher offer for Direct Line amid flurry of takeovers in London

Direct Line shares soar by more than 40% after initial 250p-a-share offer was rebuffed as ‘highly opportunistic’

The Guardian - UK · Nov 28, 2024

Direct Line shares surge after insurer rejects £3.3bn Aviva takeover tilt

Direct Line said the approach ‘substantially undervalued’ the company.

Evening Standard · Nov 28, 2024

FTSE 100 Live 28 November: Direct Line shares surge on Aviva approach, Loungers backs £338m takeover

Direct Line Insurance shares are back in the takeover spotlight after the Green Flag owner rejected a £3.3 billion approach by Aviva.

Evening Standard · Nov 28, 2024