If successful Pendragon would have control of more than 180 dealerships and huge areas of the country for the sale of volume brands such as Ford, Vauxhall, Fiat and Peugeot. Pendragon is offering £80 million in cash for Evans Halshaw, or 250p a share - well above the current share price of about 221p. Pendragon's acquisition of Evans Halshaw would create the country's biggest retailer of Ford and Vauxhall vehicles.
Evans Halshaw takeover would create UK's first £2bn car retail group
18/12/1998 in NEWS