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. However, Pendragon PLC 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.

ubsidiary companies

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

External links

* [http://www.lookers.co.uk Official website]


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