Direct Line confirms it rejected ‘opportunistic’ Ageas bid
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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