Deals
UK Bankers Gear Up for Busiest Christmas M&A Week in Years
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British dealmakers are gearing up for the busiest week of Christmas M&A in years.
Bankers are set to burn the midnight oil through the holidays, with several major UK transactions facing bid deadlines next week. The biggest comes from Aviva Plc, which is working to finalize an agreement for a proposed £3.6 billion ($4.5 billion) takeover of motor insurer Direct Line Insurance Group Plc. It needs to announce a firm deal by 5 p.m. on Christmas Day under UK takeover rules.