Tuesday, February 19, 2008
Takeover talk boosts car dealer groups' share price
Takeover talk has boosted the share prices of dealer groups at the start of the year helping them to buck the downward trend of declining market values in the car retailing sector.
The latest European Auto Retail and Services Stockwatch report by financial analyst Houlihan Lokey, found that HR Owen, in particular, had seen its stock rise as speculation of a bid for the group persisted.
The report said HR Owen’s value had risen with the sale of shares to Australian car wholesale and retail group Balverona.
DATED: 19.02.08
FEED: MT
