Brief: Lithia & Driveway Improves Terms To 35.4P Per Pendragon Share With Significant Future Upside
02/10/2023 16:08
Oct 2 (Reuters) - Lithia Motors Inc LAD.N :
* LITHIA & DRIVEWAY IMPROVES TERMS TO 35.4P PER PENDRAGON
SHARE
WITH SIGNIFICANT FUTURE UPSIDE
* LITHIA MOTORS INC - TOTAL CASH CONSIDERATION PAYABLE
INCREASED
BY 42%
* LITHIA MOTORS INC - ACQUISITION IS PLANNED TO BE FINANCED
USING
LITHIA'S EXISTING ON-BALANCE SHEET CAPACITY ONCE APPROVED BY
PENDRAGON SHAREHOLDERS
Source text for Eikon: ID:nPn4mngj2a
Further company coverage: LAD.N
((Reuters.Briefs@thomsonreuters.com;))
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