Direct Line could see more advances from Aviva and Ageas, reckons Berenberg
Portfolio Pulse from
Berenberg analysts suggest that Direct Line Insurance Group may receive further takeover offers from Aviva and Ageas. Direct Line recently rejected a bid from Aviva, calling it opportunistic and undervaluing the company.
December 03, 2024 | 3:45 pm
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NEUTRAL IMPACT
Aviva's bid for Direct Line was rejected as undervaluing the company, but further offers may be forthcoming.
Aviva's rejected bid suggests potential for future negotiations or offers, but the immediate impact on Aviva's stock is neutral as the bid was not accepted.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80