Pendragon PLC, an automotive retailer based in Nottingham, England, has received an unsolicited acquisition proposal from AutoNation Inc for 32 pence per share in cash. The proposal is subject to due diligence. Pendragon has stated that it will consider the proposal, consult with shareholders, and provide an update in due course. Last week, the company received a revised acquisition offer from Hedin Mobility Group AG and PAG International Ltd for 32 pence per share, a 14% increase from the previous offer of 28 pence per share, which Pendragon had rejected. Pendragon has also announced its intention to sell its UK auto and leasing business to Lithia Motors Inc. The current share price is 29.37 pence, with a 12-month change of +8.4%.
Pendragon riceve un'offerta rivale da AutoNation