Selling Direct Line After A Bumpy 3-Year Investment

2025-06-12 14:30:00 ET

Direct Line ( DIISF ) is due to be acquired by Aviva at some point during the summer. When that happens, shareholders will be forced to exchange their shares for a combination of Aviva shares and cash.

As a Direct Line shareholder, I had no intention of becoming an Aviva shareholder (as it doesn't meet my investment criteria) and with Direct Line’s share price now almost equal to the expected takeover value, there seemed to be little point in holding on for a few more weeks. And so, on that basis, I decided to sell my Direct Line shares last week in order to reinvest the proceeds sooner rather than later....

Read the full article on Seeking Alpha

For further details see: