Britain's Pendragon agrees to sweetened buyout offer for UK motor, leasing businesses

Lithia Motors

02/10/2023 14:42

Oct 2 (Reuters) - British auto dealer Pendragon  PDG.L 
said on Monday it agreed to sell its UK motor and leasing
businesses to Lithia Motors  LAD.N  for a sweetened 397 million
pounds ($482.00 million) offer.
    Lithia Motors had in September offered 250 million pounds
for the business. 
    ($1 = 0.8237 pounds)

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))