Friday, December 22, 2006
Inchcape's share price rises amid takeover talk
Inchcape’s share price has risen by over 15p to 510p amid speculation that the dealer group could be a takeover target.
Despite agreeing to buy European Motor Holdings for over £260m earlier this month, industry speculation is growing that the UK’s second largest dealer group could itself be subject to a takeover bid.
Pendragon could be viewed as a likely bidder for Inchcape after the company raised £239m in a recent sale and leaseback scheme of 81 dealerships.
DATED: 22.12.06
FEED: MT
Despite agreeing to buy European Motor Holdings for over £260m earlier this month, industry speculation is growing that the UK’s second largest dealer group could itself be subject to a takeover bid.
Pendragon could be viewed as a likely bidder for Inchcape after the company raised £239m in a recent sale and leaseback scheme of 81 dealerships.
DATED: 22.12.06
FEED: MT
