Pendragon rejects £392m joint takeover bid | TheBusinessDesk.com
The company brushes aside a takeover effort from its largest shareholder
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The company brushes aside a takeover effort from its largest shareholder
North American group swoops for Nottingham-headquartered firm in transaction worth up to £280m
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...