The £504m takeover of Lookers by Global Auto Holdings got the go ahead this week at a shareholders meeting. Global is paying 130p per share for the company after it revised the offer upwards from 120p, which had been rejected. In June Canadian dealer group Global Auto Group, a sister company of Group Auto Holdings, […]

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Canada’s Alpha Auto, through its UK entity Global Auto Holdings, has increased its takeover offer for Lookers to 130p a share. Global Auto Holdings, referred to as Bidco, has also announced that the increased offer will switch to a takeover offer for Lookers. Today’s takeover offer differs from the original scheme offer in the way voting for […]

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BCA-owner Constellation has bought a 19.9% share in the franchised dealer group Lookers. The majority of shares were purchased from Tony Bramall, who stepped down as a non-executive director at Lookers in December 2020. The 78 million share purchase was carried out at 102p a share. Shares in Lookers ended last week at 88.6p, up […]

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One week after being made aware of a takeover bid by BCA owner Constellation, Marshall Motor Holdings board has recommended the 400p a share offer. The offer, which if successful will see Marshall become a private company, is conditional on Constellation’s acquisition vehicle ‘Bidco’ receiving more than 50% of Marshall Motor Holdings’ voting rights and gaining […]

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