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Admiral admits takeover interest for Confused.com

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Motor insurer Admiral has been forced into making a public statement about its aggregator business Confused.com. The company has received a number of approaches for the business and made an announcement to the stock exchange this morning, after the Daily Telegraph reported that the firm was seeking bids of around £700m for the business.

"The company notes the recent press speculation regarding Confused.com and confirms that it has received approaches from several parties regarding the business. The board is reviewing its options

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