Aviva goes direct to Direct Line shareholders
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UK car insurer Direct Line rejects £3.3bn takeover offer by Aviva
The company, part way through a turnaround plan, says the cash and shares proposal undervalues the businessWorld - Financial Times - Yesterday -
Direct Line shares jump 38% after rejecting Aviva’s £3.3bn offer to create insurance giant – business live
UK car insurer, which owns Churchill and Green Flag brands, said approach was ‘highly opportunistic and substantially undervalued the company’. In other takeover news, the Australian investment ...World - The Guardian - Yesterday -
Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion takeover offer
Direct Line’s shares surged as investor’s hoped the rejection might pave the way for a second takeover bid from the U.K.’s largest insurance companyBusiness - MarketWatch - Yesterday -
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