Britain's competition watchdog cleared Aviva's 3.7-billion-pound ($5.08 billion) takeover of smaller rival Direct Line on ...

The Competition and Markets Authority, which launched an initial investigation into the deal in May, said it would not refer ...

The country’s Competition and Markets Authority chose not to pursue a deeper investigation into the merger.

Aviva’s acquisition of smaller insurance peer Direct Line has been approved by the competitions watchdog, paving the way for the formation of Britain’s biggest home and motor insurer. The £3.7bn ...

Direct Line shares soared 41% on Thursday after it rejected a 3.28 billion pound ($4.15 billion) takeover bid from rival Aviva , as analysts expect a bidding war over the British motor and home ...

Direct Line DLG 0.00 % increase; green up pointing triangle agreed to an improved takeover bid from Aviva AV-0.19 % decrease; red down pointing triangle valuing the nonlife insurer at 3.61 billion ...

Direct Line Insurance Group Plc shares surged as much as 39% after the insurer rejected a £3.3 billion ($4.2 billion) takeover bid from Aviva Plc, the second suitor ... The Direct Line logo displayed ...

Direct Line Group has revealed plans to axe around 550 roles as it looks to cut costs amid a turnaround at the insurer. A spokesman said: “In motor, trading conditions have been challenging ...

Direct Line Group has introduced three new Direct Line branded motor insurance products on price comparison website (PCW) Compare the Market. Covering a range of cover options from ‘essential’ to ...

Shares in Direct Line fell as it said the group had rejected a second cash-and-shares proposal from Ageas worth 237p a share. Stay up to date with notifications from The Independent.

The logo at the British insurance giant Aviva’s headquarters in London, on October 5, 2009. Aviva has agreed to buy Direct Line for £3.6 billion.

Shares in Direct Line surged 37 per cent on Thursday after the UK motor insurer rejected a takeover bid from larger rival Aviva. Aviva, one of Britain’s largest insurers, said late on Wednesday ...