UK's Lookers touches 6 yr high after Global Auto Holdings' increased offer

Lookers

27/07/2023 08:38

** Shares of UK's Lookers Plc  LOOK.L  jump as much as 26.5%
to 6 year high of 124p, tops London's smallcaps  .FTSC  index
    ** UK's auto dealership chain reaches deal with Global Auto
Holdings on increased cash offer of 130p per share for co
    ** Increased offer price about 8.3% on original offer of
120p/share and premium of about 32.6% on last close of 98p
    ** Stock among top pct gainers across London
    ** As of last close, stock up 28.6% YTD


    
   

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))