Pendragon attracts another suitor as volumes expand

A top-line surge even as supplies remain tight

September 27, 2023

Another bidder – Nasdaq's AutoNation – throws its hat in the ring
Fleet sales turnaround though 'nearly new' vehicles in short supply

Pendragon’s (PDG) half-year figures point to operational progress in the period under review, but attention will settle on the £447mn unsolicited takeover proposal from US auto trader AutoNation Inc (US:AN) – the latest in a succession of approaches.

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