Automotive News Penske-Hedin bid for Pendragon rejected after Lithia acquisition announcement

[Automotive News]

Penske-Hedin bid for Pendragon rejected after Lithia acquisition announcement

<p>Days after Lithia Motors Inc. said it had agreed to a deal to acquire Pendragon's dealership and fleet businesses, Pendragon's board of directors rejected a joint offer from a Penske Automotive Group subsidiary and Hedin Mobility Group.</p>

https://www.autonews.com/dealers/penske-...n-rejected