Direct Line has accepted an improved takeover offer from Aviva that will see the U.K.’s largest insurer fully-acquire its smaller rival for £3.6 billion ($4.6 billion). In a joint statement ...

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The latest twist in the Direct Line drama, the insurer's rejection of a £3.3 billion bid approach, yesterday added more than £860 million to the group's stock market worth as the City ...

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Aviva’s previous bid, on Nov. 19, saw the British insurance giant offer to fully-acquire Direct Line for 250 pence per share, or £3.3 billion, in an offer that was rejected by the Bromley company.