Pendragon: Car dealership to sell UK motor business to US firm Lithia for £250m

UK car dealership group Pendragon has agreed to a proposed sale of its UK motor business to US dealer giant Lithia Motors for £250 million. The deal, if approved by shareholders, will pay out 16.5p per share – below the 18.6p Pendragon shares were trading at on Friday. Pendragon said it has also agreed to [...]