Aviva confirms non-binding proposal submitted to Direct Line
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
0mins
Should l Buy ?
Aviva's Proposal: Aviva plc has submitted a non-binding proposal to acquire 100% of Direct Line Insurance Group, offering shareholders 112.5 pence in cash and 0.282 new Aviva shares per Direct Line share, valuing the total consideration at 250 pence per share.
Intent for Quick Engagement: Aviva aims for a swift conclusion to the acquisition process and believes its proposal is compelling enough to encourage prompt discussions with Direct Line's Board.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
