Lookers is a car dealership chain in the United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 with over 90 dealerships turning over in excess of £

Pound sterling

The pound sterling , commonly called the pound, is the official currency of the United Kingdom, its Crown Dependencies and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha. It is subdivided into 100 pence...

1bn annually.

Reg Vardy

In January 2006, Lookers offered 875p per share for larger rival Reg Vardy

Reg Vardy

Evans Halshaw is a chain of car dealerships with around 180 showrooms, predominantly in Northern England. It is a subsidiary of Pendragon PLC.-Pendragon PLC:...

. However, Pendragon PLC

Pendragon PLC

Pendragon PLC is a multi-national operator of franchised motorcar dealerships in the United Kingdom with international outlets in the United States. This member of the Pendragon Group focuses on a variety of luxury cars marketed under the Stratstone name which include Porsche, Ferrari, and BMW....

offered a counter bid of 900p a share, which succeeded after Lookers decided it could not raise its bid.

Pendragon Group

During the bidding battle for Reg Vardy, Pendragon offered 1.15 new Pendragon shares for each existing Lookers share. Pendragon went hostile in its all-share bid for Lookers, after Lookers Board refused to unanimously recommend the offer. In April 2006, Pendragon failed in its bid to buy Lookers, after just 21% of Lookers shareholders accepted Pendragons offer.

Subsidiary companies

• Charles Hurst Ltd
• Taggarts Ltd
• Dutton Forshaw Motor Group
• Platts Harris
• Ferraris Piston Service

External links

• Official website