Reg Vardy
Encyclopedia
Evans Halshaw is a chain of car dealerships with around 180 showrooms, predominantly in Northern England
. It is a subsidiary of Pendragon PLC
.
Lookers
tabled an 875p a share proposal, after the original Pendragon offer, which was then recommended by other members of the Board of Reg Vardy.
But to add to this, Pendragon had offered to buy Lookers, offering 1.15 new Pendragon shares for each Lookers share.
Pendragon won the bid battle for Reg Vardy. In the long run, perhaps the company was not evolving the way Reg would have liked.
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
. It is a subsidiary of 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....
.
Pendragon PLC
Pendragon PLC is the largest independent operator of franchised motor car dealerships in the UK, operating over 300 franchises.Takeover
In January 2006, Pendragon offered 900p per Reg Vardy share. The family backed the proposal, at the original price of 800p. Sir Peter Vardy, the chief executive, effectively sold his stake to Pendragon after he put an option on his 16.6% stake.Lookers
Lookers
Lookers is a car dealership chain in the United Kingdom with over 90 dealerships turning over in excess of £1bn annually.-Reg Vardy:In January 2006, Lookers offered 875p per share for larger rival Reg Vardy...
tabled an 875p a share proposal, after the original Pendragon offer, which was then recommended by other members of the Board of Reg Vardy.
But to add to this, Pendragon had offered to buy Lookers, offering 1.15 new Pendragon shares for each Lookers share.
Pendragon won the bid battle for Reg Vardy. In the long run, perhaps the company was not evolving the way Reg would have liked.