Brief: Global Auto Holdings Lookers Reached Agreement On Terms Of Increased Recommended Cash Offer

Lookers

27/07/2023 08:25

July 27 (Reuters) - Lookers PLC  LOOK.L :
    * GLOBAL AUTO HOLDINGS LOOKERS PLC  - INCREASED OFFER AND SWITCH TO A
TAKEOVER
OFFER
    * GLOBAL AUTO HOLDINGS: REACHED AGREEMENT WITH BOARD OF LOOKERS ON TERMS OF
AN
INCREASED RECOMMENDED CASH OFFER BY BIDCO
    * GLOBAL AUTO HOLDINGS: UNDER TERMS OF OFFER, LOOKERS SHAREHOLDERS ENTITLED
TO
RECEIVE FOR EACH LOOKERS SHARE 130P IN CASH
    * GLOBAL AUTO- INCREASED OFFER PRICE VALUES LOOKERS' ENTIRE ISSUED AND TO BE
ISSUED SHARE CAPITAL AT ABOUT £504.2 MILLION

Source text for Eikon:  ID:nRSa3953Ha 
Further company coverage:  LOOK.L 

 ((Reuters.Briefs@thomsonreuters.com;))