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Direct Line tumbled on Wednesday after saying it had received and rejected a second takeover approach from Belgian rival Ageas as it continues to undervalue the group.
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British home and motor insurer Direct Line said on Wednesday it has rejected a revised buyout proposal from Belgium-based rival Ageas, saying it
New Direct Line boss Adam Winslow is expected to set out a focus on profitability alongside the group's full-year results on March 21
Shares in Direct Line fell 6% in Wednesday morning trading after the group said it had rejected a second cash-and-shares proposed bid from Ageas