Wednesday, April 18, 2007
Rise in Pendragon shares prompts take-over rumour
PENDRAGON shares, this morning, opened at 126.25, up 1.4% prompting weak suggestions that a private equity bidder is in the wings.
Britain's biggest car retailer holds its annual meeting this Friday.
Some traders suggested that the increase could be that the retailer is about to undertake another sale and leaseback of some of its sites.
Over the last 18-months, Pendragon has undertaken two sale and leaseback schemes.
DATED: 18.04.07
FEED: AW
Britain's biggest car retailer holds its annual meeting this Friday.
Some traders suggested that the increase could be that the retailer is about to undertake another sale and leaseback of some of its sites.
Over the last 18-months, Pendragon has undertaken two sale and leaseback schemes.
DATED: 18.04.07
FEED: AW
