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Evening Standard

Business

Graeme Evans

FTSE 100 Live 28 November: Direct Line shares surge on Aviva approach, Loungers backs £338m takeover

Aviva Direct Line United States Inflation Dow Jones Industrial Average

FTSE 100 Live - (Evening Standard)

Direct Line Insurance shares are back in the takeover spotlight after the Green Flag owner rejected a £3.3 billion approach by Aviva.

One deal that has received support is the £338 million tilt for Loungers, with the bars chain highlighting small-cap illiquidity as one reason for backing US investor Fortress.

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