Oil giant Shell has firmly rejected reports suggesting merger discussions with BP, following speculation about a potential £200 billion-plus energy group formation. The company’s spokesperson emphasised that “no talks are
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A significant move in the UK healthcare property sector emerged today as American private equity firm KKR partnered with the Universities Superannuation Scheme (USS) to make a takeover bid for
The struggling consumer healthcare company Alliance Pharma appears poised to exit London’s junior stock exchange following a £350 million takeover bid from activist investor Dbay Advisors. The Isle of Man-based
British insurance powerhouse Aviva has intensified its pursuit of Direct Line, raising its takeover offer to £3.4 billion in a strategic move that could reshape the UK insurance landscape. The
Direct Line’s chief executive Adam Winslow has launched a spirited defence of the troubled insurer’s independence, urging shareholders to support his nascent turnaround strategy in the face of a £3.3
Shares in London-listed waste management specialist Renewi witnessed a dramatic surge of nearly 50 per cent following news that Australian asset management powerhouse Macquarie has launched a £700 million takeover
The insurance sector witnessed a seismic shift today as Aviva launched a £3.3 billion takeover bid for rival Direct Line, sending shockwaves through the financial markets and sparking speculation of
In a significant development within the UK insurance sector, Aviva has taken the unprecedented step of directly approaching Direct Line shareholders, potentially setting the stage for a hostile takeover bid.
British motor insurance provider Direct Line has firmly rejected a £3.3 billion takeover approach from industry heavyweight Aviva, describing the offer as “highly opportunistic” and significantly undervaluing the organisation’s worth.
