DIRECT LINE has accepted a £3.6billion takeover offer from rival Aviva in a move that will create a home and car insurance giant. Aviva sweetened its bid to 275p-a-share yesterday after two ...

Direct Line Insurance Group shares rose after the company said it rejected a 3.28 billion-pound ($4.16 billion) takeover proposal from British nonlife insurer Aviva, its second approach in eight ...

British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened £3.61 billion cash-and-stock deal that will ...

Aviva looks set to acquire Direct Line after preliminary agreement was reached on its second approach for its rival.

Direct Line Insurance Group said it rejected the 3.28 billion pounds ($4.16 billion) takeover approach from insurer and asset manager Aviva as it substantially undervalued the company.