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Direct Line Group offer - LGEN General Insurance ?

Posted: January 10th, 2019, 3:43 pm
by monabri
I wonder if this is going ahead - any news ?

"Direct Line Insurance Group PLC is plotting an offer for Legal & General Group PLC's general insurance business, Sky News said Wednesday.
The division was put up for sale several weeks ago, Sky News added, and a bid would cost Direct Line approximately GBP400 million."

https://www.londonstockexchange.com/exc ... 74400.html

Re: Direct Line Group offer - LGEN General Insurance ?

Posted: January 10th, 2019, 4:07 pm
by idpickering
monabri wrote:I wonder if this is going ahead - any news ?

"Direct Line Insurance Group PLC is plotting an offer for Legal & General Group PLC's general insurance business, Sky News said Wednesday.
The division was put up for sale several weeks ago, Sky News added, and a bid would cost Direct Line approximately GBP400 million."

https://www.londonstockexchange.com/exchange/news/alliance-news/detail/1545288985200674400.html


Thanks for bringing this to our attention. I don’t mind admitting that I missed this. I hold both shares.

Ian.