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Pendragon Plc (PDG.L), a British car dealers firm, and Lithia Motors, Inc. (LAD), an automotive retailer in North America, announced on Monday that they agreed to a proposed sale by Pendragon Group Holdings Limited of Pendragon NewCo 2 Limited, which holds the company's entire UK motor business and leasing business to Lithia UK Holding Limited, a unit of Lithia Motors, for 250 million pounds.
US-based Lithia Motors could be set to take over Pendragon's dealership and leasing businesses in a £250 million deal which would leave Pinewood, Pendragon's software division, behind as a standalone entity retaining Pendragon's stock market listing.
Pendragon Vehicle Management is set to be taken over by US-based Lithia Motors as part of a £250 million deal for the wider automotive business.
The Boards of Directors of Pendragon and of Lithia Motors, Inc. , one of the largest automotive retailers in North America, are pleased to announce they have agreed the terms of a proposed sale by...
The Laurel Police Department arrested four teens last week after finding them allegedly driving in a car stolen from a dealership in Selbyville.