PDG.L Share News (PDG)

Pendragon extends Hedin deadline as report suggests its done deal

(Alliance News) - Pendragon PLC on Monday extended its put up or shut up deadline for Hedin Mobility Group AB's proposed takeover as a newspaper report suggested the deal is as good as complete.

SMALL-CAP WINNERS & LOSERS: Pendragon rises; MJ Gleeson extends loss

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Pendragon extends deadline for possible offer from Hedin Group

(Sharecast News) - Pendragon announced a further extension to the put-up-or-shut-up deadline on a possible takeover by Hedin Mobility Group on Monday.

Pendragon underlying profit drops but stays in line with expectations

(Alliance News) - Pendragon PLC on Tuesday reported a significantly lower underlying profit as the company faced increased costs, but said its figures were still in line with company expectations.

Pendragon delivers 'strong' Q3 trading performance

(Sharecast News) - Automotive retailer Pendragon said on Tuesday that it had delivered "a strong trading performance" in the three months ended 30 September, with gross profit maintained at "the exceptional level" seen in the third quarter of 2021.

Pendragon extends due date as it mulls Hedin Group offer

(Sharecast News) - Pendragon updated the market on the unsolicited offer from Hedin Mobility Group on Monday, confirming an extension to the put-up-or-shut-up deadline.

CORRECT: Pendragon extends deadline for Hedin takeover offer

(Clarifying that there has not yet been a firm cash offer.)

IN BRIEF: Pendragon extends deadline for Hedin Group offer

Pendragon PLC - Nottinghamshire-based car dealership chain - Says discussions with its largest shareholder Hedin Mobility Group AB are ongoing, following a cash offer for the firm of 29 pence per share at the end of September. The board extends the 'put up or shut up' deadline to November 21. The PUSU deadline is when the Hedin must announce a firm intention to make an offer or that it does not intend to make an offer.

IN BRIEF: Hedin considers position in regard to stake in Pendragon

Pendragon PLC - Nottinghamshire-based car dealership chain - Largest shareholder Hedin Mobility Group AB notes the firm's announcement that it is conducting a "comprehensive review" of all "potential strategic options". Hedin Mobility says it is "surprised" by the news and notes that this "contradicts" the long-term view of Pendragon's board. Considers its position in relation to its current shareholding in the Pendragon.

TRADING UPDATES: Pendragon to assess options; Grafenia issues bonds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UPDATE: Hedin Mobility confirms approach of Pendragon for takeover

(Alliance News) - Hedin Mobility Group AB on Monday confirmed that it approached investee Pendragon PLC with a cash takeover offer that values the firm at GBP405.1 million.

London's FTSE 100 kept afloat by gains in consumer staples

FTSE 100 flat, FTSE 250 down 1.4%

*

LONDON MARKET CLOSE: Sterling battered; housebuilders, retailers down

(Alliance News) - Sterling fell to an all-time low against the US dollar on Monday, before rebounding slightly, with UK housebuilders and retailers also on the receiving end of a steep sell-off.

LONDON MARKET MIDDAY: Traders pricing in emergency BoE rate hike

(Alliance News) - Stock prices in London went into Monday afternoon in negative territory, while sterling rebounded from an all-time low as markets bet on an emergency interest rate hike by the Bank of England this week, following the UK government tax plans unveiled last week.

SMALL-CAP WINNERS & LOSERS: M&A lift for Pendragon, RPS; Superdry down

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.