The London Stock Exchange has extended the deadline for Sweden-based Hedin Group to continue discussions and due diligence with Pendragon before it must decide whether to make a formal takeover bid for the major AM100 dealer group which trades under the Evans Halshaw and Stratstone brands.
Pendragon chief executive Bill Berman has spoken to the car retail PLC’s “continued momentum” after delivering an “encouraging” set of financial results for the first half of 2022.