RE: Spike at 15:23?5 Dec 2024 16:40
(Alliance News) - Aviva PLC has increased its offer for Direct Line Insurance Group PLC to around GBP3.4 billion, Bloomberg reported.
Bloomberg sources that London-based Aviva has made a fresh bid of about 261 pence per share as it seeks to secure the backing of Direct Lineβs board.
The new proposal is about 4% higher than Avivaβs initial cash and stock proposal of 250p per share last week, or GBP3.26 billion, which was rejected by Direct Line.