Direct Line confirms it rejected ‘opportunistic’ Ageas bid

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Direct Line has said it received an approach to buy the group from Ageas on 19 January, which it felt “significantly undervalued” the group and its prospects.

In a stock exchange announcement, Direct Line said that the bid – which valued the group at around £3.1bn and was unanimously rejected by the board – was “uncertain, unattractive,” and also “highly

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