Aviva DLG bid

[fourstardan]

Im trying to understand why DLG is up 30% or so after a proposed offer.

I have some ideas why but wanted to know if anyone had some insight to share.

Thanks

[NowWatchThisDrive]

Because the market thinks there's a good chance Aviva will come back with another bid that Direct Line shareholders will want the company to engage with.

[fourstardan]

I did think this, I assume that Aviva know the real target share price for the sale?

[NowWatchThisDrive]

From the conversations they're having with banks advising them and with major DLG shareholders (to whom this bid probably won't have been a surprise), yes Aviva should have a good idea of what they'd need to stump up to get it over the line. Although what the CMA might make of it is another thing.

[NowWatchThisDrive]

https://www.londonstockexchange.com/news-article/D...

[fourstardan]

Does look like it's happening. I'm not impacted directly but work in the industry.

DLG have been on the side and bloated for a long time.

All feels a bit fishy with CEO and his merry men/women moving over in the recent couple of months.