British car dealership snapped up by Canadian rival in blow

British car dealership Lookers has been taken private by a Canadian rival after 50 years as a London-listed company, marking the latest blow to the City’s stock market. The company said it negotiated an all-cash deal with Alpha Auto Group, an Ontario-based car dealership chain, that values the company at £465m, a 35pc premium to its closing share price on Monday. The move will come as a further blow to the London Stock Exchange (LSE), which is battling to remain globally relevant amid a raft of

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