Aviva and Direct Line agree on cash and share offer, valuing Direct Line at 3.7 billion pounds.

From Nasdaq: 2024-12-23 02:18:29

Aviva and Direct Line insurance have agreed on a cash and share offer for Direct Line, valuing each share at 275 pence. The deal values Direct Line at about 3.7 billion pounds. Aviva shareholders will own 87.5 percent and Direct Line shareholders will own 12.5 percent of the issued share capital of Aviva after completion.



Read more at Nasdaq: Aviva, Direct Line Agree On Terms Of Recommended Cash And Share Offer For Direct Line