Friday, November 02, 2007
HR Owen bidder pulls out
HR Owen has announced that takeover talks concerning the company have been terminated.
The luxury dealer group said the interested party, believed to be Australian wholesale vehicle company Balverona, no longer had an interest in “making an offer for the company”.
“Whilst this unsolicited approach was an encouraging endorsement of our strategy to focus on our luxury and specialist dealerships, as a board, we are unanimous in our belief that HR Owen continues to have an excellent future,” said Nicholas Lancaster, chief executive.
DATED: 02.11.07
FEED: MT
