28 November 2024 - possible bid approach
The company has announced that it has received an approach from Aviva to take it over, the terms of which are 112.5p plus 0.282 Aviva shares for each Direct Line share. At the time the approach was made, after the market closed on 27 November, this valued shares in Direct Line at 250p. The share price of Aviva has eased back today to 475p thus making the offer worth 246p per share. The share price of Direct Line has risen strongly today, being up some 66p at 225p. Clearly this is a . . .
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