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The FTSE 100 firm last night said it is in talks with US rival International Paper over a possible takeover offer worth 415p a share or £5.7bn.
Belgian insurer Ageas has said it will no longer pursue a takeover bid for car insurer Direct Line Group
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Direct Line said on Monday that it was confident in its standalone prospects after Belgium’s Ageas announced it would not be making an offer for the insurer following two failed attempts at engaging with the board.