In accordance with a London Inventory Trade discover right this moment (6 December), the proposal will see Aviva pay 275p per Direct Line share, with the supply marking a 73.3% premium to Direct Line’s closing share value on 27 November – the ultimate closing value determine earlier than the supply interval started.
The contemporary supply included 129.7p in money, 0.2867 new Aviva shares per Direct Line share, and dividend funds of as much as 5p per share in mixture, which shall be paid earlier than the completion of the acquisition.
Shares in Direct Line rise by over 40% following rejection of £3.3bn Aviva bid
The general bid marks a…
