Direct Line
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CFO Jane Pool will also leave the company as Aviva takes over.
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The £3.7bn deal was announced in December.
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Aviva and Direct Line struck the landmark deal in December.
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Aviva is targeting £125mn of annual savings within three years of the deal.
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This follows a preliminary agreement reached earlier this month.
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Aviva increases its offer to 275p per Direct Line share.
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The insurer will have until Christmas to make a formal offer or withdraw.