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Lithia & Driveway Improves Terms to 35.4p Per Pendragon Share with Significant Future Upside

PR Newswire - Mon Oct 2, 2023

MEDFORD, Ore., Oct. 2, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD, "Lithia") announced today that it has signed a revised agreement on improved terms with the Board of Directors of Pendragon plc ("Pendragon") to enter into a strategic partnership with Pinewood Technologies ("Pinewood Tech") and to acquire Pendragon's UK motor division and vehicle management division.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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