A US investment firm, Litani, writes to around 100,000 individual Aviva shareholders proposing to buy their shares at £5.30 each, according to reports. The offer price is below Aviva’s closing price of £7.07 from the previous night.
The outlets frame the move as an attempt to acquire shares at a discount, with some urging investors not to accept what they describe as a potential “trap.” Both accounts focus on the direct outreach to retail shareholders rather than on any details about Aviva’s board response or a formal takeover process. The reporting does not indicate that Litani is backed by a confirmed financing plan or that Aviva has publicly agreed to the proposal.
Overall, the coverage centers on the proposed bid level and the fact of the letters to investors, while offering limited additional context such as the company’s reaction, the legal or procedural status of the request, or whether higher offers are expected.
