The latest update is out from Direct Line Insurance ( (GB:DLG) ).
Direct Line Insurance Group PLC has announced that its shareholders have approved a recommended cash and share offer by Aviva PLC for the acquisition of the entire issued share capital of Direct Line. The acquisition will be implemented through a court-sanctioned scheme of arrangement, with the necessary shareholder resolutions passed at recent meetings. This acquisition is expected to impact Direct Line’s market positioning and operations, as it will lead to the delisting of Direct Line shares from the London Stock Exchange upon completion.
More about Direct Line Insurance
Direct Line Insurance Group PLC operates in the insurance industry, primarily offering a range of insurance products including motor, home, and travel insurance. The company focuses on providing direct-to-consumer insurance services in the UK market.
YTD Price Performance: 8.62%
Average Trading Volume: 9,459,022
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.6B
See more insights into DLG stock on TipRanks’ Stock Analysis page.