Direct Line has accepted Aviva’s improved supply to takeover the corporate this morning in a deal one analyst has described as a “daring transfer that might develop into a present that retains on giving”.
Based mostly on the closing worth of Aviva Shares of 489.3 pence on 27 November 2024 (being the final closing share worth earlier than the graduation of the Supply Interval), this values every Direct Line Share at 275 pence and values your complete diluted share capital of Direct Line at roughly £3.7bn.
This represents a premium of roughly 73.3 per cent to the Closing Value of 158.7 pence per Direct Line Share on 27 November 2024; and 49.7 per cent. to the six month quantity weighted common worth of 183
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