Martin Lewis urges drivers to beware of easy car insurance mistake – here are the key details
DIRECT LINE has accepted a £3.6billion takeover offer from rival Aviva in a move that will create a home and car insurance giant.However, investors and analysts believed Direct Line would be under pressure to submit to a swoop, as a turnaround of the struggling insurer came with risks and would require patience.
The takeover cuts short new boss Adam Winslow’s overhaul efforts, after he only joined in March from Aviva, which is now buying the business he moved to.He has a further 2 million shares, worth another £5.5million from the Aviva deal, which were awarded, ironically, when he forfeited awards from his previous employer.
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