UK $16 Billion Insurance Group Aviva $4.1 Billion (£3.3 Billion) Offer to Buy UK Direct Line Insurance Rejected for Substantially Undervaluing the Company, Aviva Made 250 Pence Per Share Offer at 60% Premium in All-Share-Deal on 18th November 2024, Aviva Required to Make Buyout Offer or Drop Offer by 25th December 2024 under UK Takeover Rules
5th December 2024 | Hong Kong
UK insurance group Aviva ($16 billion market value) $4.1 billion (£3.3 billion) offer to buy UK Direct Line Insurance has been rejected for substantially undervaluing the company. Aviva had made a 250 pence per share offer at 60% premium in all-share-deal on 18th November 2024. Aviva is required to make a buyout offer or drop the offer by 25th December 2024 under the UK takeover rules.
“ UK $16 Billion Insurance Group Aviva $4.1 Billion (£3.3 Billion) Offer to Buy UK Direct Line Insurance Rejected for Substantially Undervaluing the Company, Aviva Made 250 Pence Per Share Offer at 60% Premium in All-Share-Deal on 18th November 2024, Aviva Required to Make Buyout Offer or Drop Offer by 25th December 2024 under UK Takeover Rules “
UK $16 Billion Insurance Group Aviva $4.1 Billion (£3.3 Billion) Offer to Buy UK Direct Line Insurance Rejected for Substantially Undervaluing the Company, Aviva Made 250 Pence Per Share Offer at 60% Premium in All-Share-Deal on 18th November 2024, Aviva Required to Make Buyout Offer or Drop Offer by 25th December 2024 under UK Takeover Rules
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