Investing
AutoNation drops bid for UK auto dealer Pendragon
© Reuters. FILE PHOTO: Vehicles for sale are pictured on the lot at AutoNation Toyota dealership in Cerritos, California December 9, 2015. REUTERS/Mario Anzuoni/File Photo
(Reuters) – U.S.-based AutoNation (NYSE:) said on Tuesday it will not make an offer for Pendragon, just weeks after the British automotive retailer’s top shareholder Hedin Mobility and PAG International also dropped their joint bid.
Pendragon had earlier this month agreed to Lithia Motors (NYSE:)’ offer of 397 million pounds ($483.82 million) for its UK motor and leasing businesses.
($1 = 0.8205 pounds)
Read the full article here
Elon Musk Is Set to Announce Tesla Robotaxis—What to Expect
Oldest Children Like Bezos, Musk Have 2 Leadership Qualities
4 Ways to Prepare for Venture Capital Funding
4 Marketing Triggers to Set Up Now to Supercharge Your New Year
Social Security cost-of-living adjustment will be 2.5% in 2025, less than prior year
Mark Zuckerberg Is Now Second Richest Person in the World
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
How to Be Unapologetically You and Why It Matters
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles5 days agoMark Zuckerberg Is Now Second Richest Person in the World
-
Investing5 days agoNvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles6 days agoHow to Be Unapologetically You and Why It Matters
-
Side Hustles6 days agoWith AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
-
Side Hustles5 days agoMeta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing3 days agoHurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Passive Income6 days agoHow AI-Driven Personalization Is Transforming the Retail Industry
-
Investing5 days agoBCA says investors should fade the real estate rally By Investing.com