A second offer in three days has been made for Pendragon. The offer has sent shares in the business up more than 12%, raising the prospect of a bidding war for the dealer group. The new offer of 28 pence a share for the whole of Pendragon comes from Swedish firm Hedin Mobility Group and […]
Read More →Ian Filby is to step down as Pendragon chair after less than two years in the role. The search for a successor is now underway. Ian, a veteran Boots executive and former chief of DFS, will remain in his non-executive chairman role until a replacement is found. The directorate change was announced ahead of Pendragon’s […]
Read More →It has emerged that Hedin Group tabled a secret 28p-a-share offer for Pendragon several weeks ago. Pendragon chair Ian Filby and the board rejected the approach. The offer would value Pendragon at around £400m. Auto Retail Agenda has reported Hedin has been building its stake in Pendragon since November 2021. Anders Hedin is now reportedly considering […]
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