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Ageas SA on Wednesday described its fresh bid approach for Direct Line Insurance Group PLC as compelling. Ageas Chief Executive Hans De Cuyper said the improved possible offer delivers substantial...
Insurer valued at 237p a share but dismisses offer as ‘highly opportunistic’
Can you change lede to: European stocks closed mostly higher on Wednesday, with the FTSE 100 driven higher by hopes that the UK recession is already over. The FTSE 100 index closed up 24.36 points,...
Shares in Direct Line fell six percent as it said the group had rejected a second cash-and-shares proposed bid from Ageas that was made on March 9, worth 237p a share valuing the firm at around £3.11 billion.
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