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VisitWill Aviva complete the acquisition of Direct Line by March 31, 2025?
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Official press releases from Aviva or Direct Line, or financial news outlets like Bloomberg or Reuters
Aviva to Buy Direct Line for £3.6 Billion After Sweetened Offer
Dec 6, 2024, 08:26 AM
Aviva plc has reached an initial agreement to acquire Direct Line Insurance Group in a deal valued at £3.6 billion ($4.6 billion). After fending off takeover interest since early this year, Direct Line finally accepted Aviva's sweetened offer, following pressure from its top shareholders who had held out for a higher bid. The acquisition strengthens Aviva's position in the UK motor insurance market.
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