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+--- Thread: Automotive News Penske bids throw wrench into Lithia deal for Pendragon (/showthread.php?tid=8018)
Penske bids throw wrench into Lithia deal for Pendragon - Automotive News - 09-23-2023
Penske bids throw wrench into Lithia deal for Pendragon
<p>Lithia's potentially transformative deal for Pendragon would significantly grow the auto retailer's U.K. footprint, add a sizable fleet business and give the company a pathway to a dealership management system. But Lithia has competition for the deal after Penske and another firm submitted multiple joint offers for Pendragon.</p>
https://www.autonews.com/dealers/lithia-deal-sparks-joint-bids-pendragon-rival-penske