Automotive Industry
Industry: Email Alert RSS FeedLookers shares rise on bid; All major retailers post solid share gains in 1st quarter of 2006.(News)
Automotive News Europe, April, 2006
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Byline: Sylviane de Saint-Seine
European auto retailing shares rose in the first quarter of 2006, as attention focused on the outcome of a major UK takeover battle in the second quarter.
A quarter has passed and Pendragon Plc and Lookers Plc are still fighting.
But whereas three months ago the two UK retailers were battling for the control of a third one - Reg Vardy - this time it's a different fight: Pendragon is bidding for Lookers, after swallowing up family-run Reg Vardy.
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Lookers wants to remain independent, and its board on April 6 urged shareholders to shun ...
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Most Popular Articles in Autos
- Service Slants
- 2007 utility vehicle buyer's guide: Side-By-Sides are popular; here's who ...
- Transmission considerations: beyond the manual gearbox
- Buell Motorcycle engineering, innovation, & dedication: in an industry ...
- 100 + 10: America's oldest automotive magazine celebrates its 110th year ...
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