Lithia & Driveway Improves Terms to 35.4p Per Pendragon Share with Significant Future Upside ...Middle East

Total cash consideration payable increased by 42% Expected dividend to Pendragon shareholders of 24.5 pence, a 49% increase Implied total initial value to Pendragon shareholders of 35.4 pence per Pendragon share Preliminary commitments to Lithia from multiple major UK automotive retailers...

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