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5% is the point at which Aviva need to comment, 10% was reached on Friday…so we should have a RNS on Monday morning 7am +/- …
https://www.simmonssimmons.com/en/publications/ckzo7lbaw1guc0a96i45f94en/uk-takeover-code-recent-changes
Or if you like the very fine details and “like a good read” try this one:
https://www.thetakeoverpanel.org.uk/wp-content/uploads/2008/11/code.pdf
The only alleged reply from Aviva I can find,
“Aviva does not comment on speculation “
https://www.insuranceage.co.uk/insight/7953830/aviva-shares-ease-back-after-takeover-rumour-driven-surge
Depends who is making the offer as it’s speculation for now.
The alleged offer might be a conditional offer, or “the company” could have someone in mind like Legal & General who would be very happy to add the life side to their core business…?
Alliance a 96 billion company have already done business with Aviva so would already have some experience of working together…
The non life side of things would make Alliance the number one UK insurance company . The Life side could be moved on potentially at a profit or be worth the loss to have more control of that market …?
The Alleged offer if it is that, might just be for part of the company, or a complete Kipper with the wish we had sold @430…
As a trader I could not miss the opportunity… But some how I did…?
Let’s see what The Papers “make up” over the weekend …! …Opp”s “Make of it”.
No disrespect to your good self but have another good read….I Copy & Pasted it…
-Pasted- “Allianz increased its position in the UK non-life market in recent years, through the acquisition of LV non-life insurance, and is a leading UK non-life insurer. It is now the 2nd largest non-life insurer in the UK after Aviva; hence buying Aviva would give it a really quite substantial market share in the UK non-life market. However, its increased exposure to UK motor has been challenging for profitability,” add analysts.
In addition, analysts feel that Allianz, Tryg, and Intact are unlikely to be interested in the UK life market, which is a key driver of Aviva’s profits.
“Any takeover could, therefore, be complicated and would require any acquirer to potentially dispose of the UK life operations, which would be a very large acquisition for any life insurer consolidator to consider – in our view,” conclude analysts. -End-
Q: Who are the analysts…
A: “Analysts at J.P. Morgan have responded to the claims”. Again Copy & Pasted..
Again, Again.. With respect, We have to make our own mind up what is speculation, pump and dump, unstimulated traders..etc…
If to your good self, it does no “feel right” cash in on the rumour or go along for the ride…
It’s difficult if you have so many shares in a company and they suddenly move 30% but thats what makes trading so exciting, for me anyway….Just look at DEC in the last few days.
Best of luck which ever you choose…
Keeping it real:…?
https://www.reinsurancene.ws/aviva-takeover-talk-unsurprising-but-whole-acquisition-seems-unlikely-say-analysts/
Https://uk.investing.com/news/stock-market-news/as-the-aviva-share-price-rises-will-allianz-make-a-move-3179617
Could, might be, possibly, a £6 per bid from Alliance..?
Back in @375/6…
Aviva has blue numbers next to its share price..? Which just looks strange…
A lot more positive talk regarding Aviva, traders showing “some interest” , for today at least…
Maybe it just fell too far.
Make your OWN decisions, Be lucky …
Why would we need to listen to the CEO, they have enough of their staff on here Ramping up the company with a full list of excuses & BS…
8.5 % Down just today , 40% Down over the year..
Nothing to see here…? This is a good thing…?
Type BS….!
Well that’s fantastic news Yesterday, I think a lot of people on here are a little more consumed with the share price dropping 8% Today…
Which would make yesterday’s news a bit more frustrating now they are 8% +/- less to buy Today.
There has to be someone on here who is going to try ramping this one….40% down in a year…
I thought there was a problem with Methane in the mines…But it’s on here & from the board of directors.
Chapter 11 coming our way soon.