Brief: Lithia & Driveway Improves Terms To 35.4P Per Pendragon Share With Significant Future Upside

Lithia Motors

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;))