By Michele Maatouk
Date: Wednesday 28 Feb 2024
(Sharecast News) - Direct Line confirmed on Wednesday that it had rejected a £3.1bn takeover approach from Belgium's Ageas, as it significantly undervalued the group.
The terms of the "highly conditional, non-binding indicative proposal" comprised 100p in cash and one new Ageas share for every 25.24 Direct Line shares. As at...
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