
Aviva to buy Direct Line in £3.7bn deal, putting 2,300 jobs at risk | Aviva newsthirst.
Aviva has agreed to buy rival insurer Direct Line for £3.7bn, with up to 2,300 job cuts planned as the companies aim for £125m in cost savings. FTSE 100 member Aviva, the UK’s largest insurer, said on Monday it will offer the equivalent of £2.75 for each Direct Line share in cash and shares. Aviva…