Direct Line says Board 'unanimously rejected' Aviva's 'opportunistic' offer

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Nov 27 2024

0mins

Direct Line Group's Response to Aviva's Proposal: Direct Line Group received an unsolicited proposal from Aviva to acquire the company, which the Board deemed highly opportunistic and undervalued, leading to a unanimous rejection of the offer on 26 November 2024.
Next Steps for Aviva: Aviva must announce by 25 December 2024 whether it intends to make a firm offer for Direct Line or withdraw its interest, with the possibility of extending this deadline under certain conditions.

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.