The Board of Pendragon (the “Board”) notes the announcement released today by Hedin Group under Rule 2.8 of the City Code on Takeovers and Mergers (the "Code") that it does not intend to make an offer for Pendragon due to challenging market conditions and the uncertain economic outlook.
The full statement can be viewed and downloaded below.
Jefferies International Limited (Financial Adviser & Joint Corporate Broker) +44 20 7029 8000
- Philip Noblet
- Simon Hardy
- James Thomlinson
- Thomas Bective
Berenberg (Joint Corporate Broker) +44 20 3207 7800
- Ben Wright
Headland Consultancy (PR & Communications) +44 20 3805 4822
- Henry Wallers
- Jack Gault