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Highway rejects Chaucer and terminates talks

Highway Insurance has rejected an offer for the company from Chaucer Holdings and has terminated talks. Highway's shares fell to 36.25 pence on the news. Chaucer's shares rose to 53.5 pence.

In a statement the company said: "On 18 March, the boards of Chaucer Holdings and Highway announced that they were in discussions in relation to Chaucer potentially making a recommended all share

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