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17 May 2021 | 09:18am StockMarketWire.com - Automotive company Cambria Automobiles said it had granted more time on a possible offer for the company to allow talks to continue. The management buyout offer was now required to be made by no later than 5.00pm on 14 June 2021. The company has said that it would be inclined to recommend an offer of 80 pence per share to its shareholders. The company previously extended the deadline to 17 May. At 9:18am: [LON:CAMB] Cambria Automobiles PLC share price was 0p at 58p Story provided by StockMarketWire.com Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. ....
19 April 2021 | 10:00am StockMarketWire.com - Automotive company Cambria Automobiles said it had it granted its management team more time to progress the proposed buyout of the company at 80 pence a share. The extension was for further 28 calendar days, with management team now required to make a firm offer or walk away by 17 May 2021. At 10:00am: [LON:CAMB] Cambria Automobiles PLC share price was 0p at 58p Story provided by StockMarketWire.com Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. Latest share price and company details: ....
Management team exploring possible acquisition at 80 pence per share Photo credit: Cambria Automobiles PLC Cambria Automobiles PLC (LON:CAMB) said its management team has been given extra time to evaluate a possible acquisition of the motor retail group. The management team has been given put up or shut up deadline of 5.00pm on May 17 by the UK Takeover Panel. On March 22, the board of Cambria announced that it had consented to chief executive Mark Lavery, finance director James Mullins and Tim Duckers, managing director of the Motor Division, exploring a possible acquisition at a price of 80 pence per share in cash. ....
3 March 2021 | 09:12am StockMarketWire.com - Automotive company Cambria Automobiles said the various lockdown and tiering strategies to curb Covid-19 infections through the important plate change month of March, would have a material impact on annual financial performance. Whilst the guidance on re-opening [from 12 April] is welcome, it will mean that the important trading month of March will be negatively impacted by the Lockdown restrictions, the company said. In the five months through January, the new car market was down 14.4% with the private segment down 13.3% and the diesel content down 37.3%. New vehicle unit sales for the period were down 14.4%, with sales of new retail cars to private guests down 15.3%. ....