The business was abuzz final week with the ramifications of Aviva’s £3.3bn bid for Direct Line Group. Jonathan Swift displays on the weekend’s developments, and what the deal would possibly imply for UK brokers ought to the potential for a inexperienced gentle achieve momentum within the coming weeks.
With the information that Aviva has submitted a non-binding proposal to the board of Direct Line Group with regards a £3.3bn takeover, this previous weekend has very a lot seen the battle strains drawn as either side argued their case.
DLG has to this point rebuffed the strategy as “extremely opportunistic” and “considerably” undervaluing the corporate.
Aviva now has till 25 December to make a agency supply.
DLG CEO Adam Winslow, who joined from Aviva this 12 months, informed The Sunday Occasions his new administration staff was “making
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