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Shares of Direct Line Insurance surged by over 36% in early trading on 28 November 2024 after the company rejected a £3.28 billion ($4.16 billion) takeover offer from rival Aviva, stating the offer "substantially undervalued" the company. Despite the surge, Direct Line's stock remained below the proposed offer price of 250 pence per share.
Direct Line is being sold at between 1.0 and 1.3 times its net tangible assets, compared to the 1.7 time RSA trades at. Punishment The company is being sold cheaply because RBS is a forced seller ...
LONDON -- In this investing video, Andy Paul and Nate Weisshaar discuss insurance company Direct Line , including its maiden dividend of 8 pence announced in its full-year results -- at today's ...
Direct Line is an insurance company based in Bromley, England. Founded in 1985, as the country's first direct car insurance company, it has since expanded to offer a range of general insurance products. Its policies are underwritten by the regulated subsidiary UK Insurance Limited, and it is owned by the Direct Line Group.
LONDON -- Since its float in October at 175 pence, Direct Line (ISE: DLG.L) shares have performed well. They are now 194 pence. That's a handy 10% gain since the IPO. It is possible that the ...
Sir Peter John Wood CBE (born 6 November 1946, in Surrey) is an English entrepreneur, most notable as the founder of the Direct Line and esure insurance companies. [1] Wood was appointed Commander of the Order of the British Empire (CBE) in the 1996 New Year Honours for services to the insurance industry, and knighted in the 2016 Birthday Honours for services to UK industry and philanthropy.
In keeping with the European Union's "mandated disposal strategy," Royal Bank of Scotland has sold 300 million shares of U.K.-based Direct Line Insurance for approximately $1 billion, RBS ...
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