Aviva set to buy Direct Line to create $21 billion British insurer
By Yadarisa Shabong and Tommy Reggiori Wilkes LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer. In a joint statement on Friday, the companies said a preliminary agreement had been reached …
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