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By Elliot Gulliver-Needham Shares in Direct Line have surged higher by 25.2 per cent today following reports the company rejected a bid from Belgian insurer Ageas in recent weeks. This morning, Bloomberg reported Ageas had been working with advisers to put together an offer for Direct Line, but had seen its most recent offer rebuffed. Following the news, Ageas announced in a regulatory filing that it was considering a possible offer that valued Direct Line at around £3.1bn. Bank of America is advising Ageas, according to the statement. Ageas “firmly believes that the combination of Ageas’ and …

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