Sweden's Hedin makes $430M offer for Pendragon

Aston Martin London Stratstone — Pendragon operates Stratstone and Evans Halshaw dealerships. Shown is an Aston Martin dealership in London.

By:

Reuters

September 26, 2022 09:15 AM

Pendragon has received an unsolicited preliminary proposal from its largest shareholder, Hedin Mobility Group, offering to buy the dealership group for about 406 million pounds ($429.67 million).

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