Aviva confirms non-binding proposal submitted to Direct Line

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Nov 27 2024

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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.

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.