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August 16, 2022
US-based Lithia Motors is said to have been identified as the “large international corporate” which launched a £460 million takeover bid of Pendragon.
August 6, 2022
The takeover offer from an unnamed bidder was 29p per share, representing a 35 per cent premium to Thursdays closing price.
August 5, 2022
The takeover offer from an unnamed bidder was 29p per share, representing a 35 per cent premium to Thursdays closing price.
August 5, 2022
One of Pendragon’s five major shareholders has blocked a takeover bid launched for the AM100 car retail PLC by “a large international corporate”.
August 3, 2022
Chinese electric automaker BYD continues global expansion with Germany and Sweden now in its sights.
June 21, 2022
Pendragon has vowed to formulate new remuneration policy after its shareholders voted 65.5% against its plan to hand over multi-million bonuses to its leadership team.
June 21, 2022
A total of 65.51% voted against approving the annual report on directors’ remuneration for 2021 at Pendragon’s AGM on Tuesday.
June 1, 2022
Pendragon remuneration committee chair Mike Wright has left the car retail PLC after it emerged that the business looked set to face a third successive AGM shareholder revolt over its leadership bonuses.
May 30, 2022
Pendragon’s leadership team could be set to face another shareholder revolt over “inappropriate” financial bonuses – a year after their last showdown with investors.
May 30, 2022
Hedin Group, which owns a 27pc stake in the car dealership, is planning to vote against the pay report at the AGM next month. The move followed a report from shareholder advisory firm Glass Lewis.