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Direct Line shares surge 42% on rejection of Aviva's $4.2 billion takeover offer

By MarketWatch   |   1 year ago
Direct Line shares surge 42% on rejection of Aviva's $4.2 billion takeover offer

Direct Line's shares surged by more than 40% as investors anticipated a potential higher takeover bid from rival Aviva. Direct Line rejected Aviva's initial bid of £3.3 billion, stating it undervalued the company.

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