Aviva and Direct Line agree terms on £3.7bn sale
The boards of Aviva and Direct Line have reached an agreement on the terms of a cash and share offer for Direct Line, equalling £3.7bn.
Under the terms of the acquisition, for each Direct Line share, shareholders will be entitled to receive 0.2876 of new Aviva shares, and 129.7p in cash per share, and up to 5p (in aggregate) in the
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