DIRECT LINE ACCEPTS £3.6BN TAKEOVER AFTER RIVAL INSURER AVIVA RAISES BID
https://i.guim.co.uk/img/media/002388a7ca170a7214d7808c88457a96311e3ea9/364_358_4722_2836/master/4722.jpg?width=140&quality=85&auto=format&fit=max&s=97cc83f90f0555bdd3fc3b73c922447c
✍️ Direct Line, a UK insurance company, has accepted an improved offer from its rival Aviva, valuing the business at £3.6bn.
👉 Direct Line has accepted an improved offer from Aviva, valuing the business at £3.6bn 👉 Aviva's initial offer was rejected, citing undervaluation 👉 Direct Line's board now recommends accepting a formal offer 👉 The combined company would dominate over 20% of the motor insurance market and 15% of the home sector
-- #DanutaGray #AdamWinslow #AmandaBlanc #UK #London #France #Italy #Asia #Canada #Ireland #business
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