Lookers PLC - Manchester-based car dealership chain - Global Auto Holdings Ltd says an increased takeover offer for Lookers will be implemented via a scheme of arrangement, with the consent of.
IN BRIEF: Global Auto to take over Lookers via scheme of arrangement lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Lookers PLC - Altrincham, England-based car dealership chain - Global Auto Holdings Ltd takeover offer for Lookers now has 34.4% acceptances, down from 34.5%. Reduced number of acceptances is due to.
Canada's Alpha Auto will pay Lookers shareholders 120 pence in cash for each share of the nearly century-old dealership group. The agreement values Lookers at 465.4 million pounds (about $588 million).
Lookers PLC - Altrincham, England-based car dealership chain - Global Auto Holdings Ltd says Lookers bid has support of around 40% of shareholders.
On Tuesday, Lookers said it has agreed to be bought out by the Canadian motor dealer in a GBP465 million.