TagInternational corporate

International corporate drops £400m bid for Evans Halshaw and Stratstone group

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An international corporate has dropped a £400 million bid for the Nottingham car sales business Pendragon, and talks about a deal have been terminated. The dealer group said it had put the offer to its five biggest shareholders – and got “strong” support from four – but had not been able to get a conclusive answer from one. Pendragon said it was still set up for growth over the coming months...

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