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 […]
Read More →Constellation Automotive Holdings has offered 400 pence a share for Marshall Motor Holdings. This values the franchised dealer group at £322.9 million. Constellation has already received an “irrevocable undertaking to accept the offer from Marshall of Cambridge (Holdings) in respect of its entire shareholding”. This represents approximately 64.4% of the PLC dealer group. Constellation is […]
Read More →Marshall Motor Holdings plc, one of the leading automotive groups in the UK, have announced the proposed closure of 6 dealerships. These proposed closures are Honda Mountsorrel, Nissan Boston, Vauxhall Welwyn City, Maserati Oxford, Select Oxford and Citroen Cambridge. Marshall Motor Holdings will be retaining their Citroen authorised repairer status in Cambridge. The first three […]
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