The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

IN BRIEF: UK Financial Conduct Authority approves Lookers takeover

Fri, 15th Sep 2023 18:48

Lookers PLC - Manchester-based car sales and service chain - Announces that the UK Financial Conduct Authority has approved its takeover by Global Auto Holdings Ltd. Global Auto is the bidding vehicle of Alpha Auto Group Holdings LP, a Toronto-based operator of auto retail dealerships across North America. It is offering 130 pence per Lookers share in cash. A previous offer of 120p had failed. It is expected to become effective on October 6, the company says.

Current stock price: 129.40 pence

12-month change: up 62%

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Related Shares

More News
4 Oct 2023 17:34

IN BRIEF: Lookers says High Court sanctions takeover scheme

Lookers PLC - Manchester-based car sales and service chain - High Court sanctions scheme by which the takeover by Global Auto Holdings Ltd will be imp...

5 Sep 2023 17:20

IN BRIEF: 91% of Lookers shareholders approve Global Auto takeover

Lookers PLC - Manchester-based car sales and service chain - Shareholders vote 91% in favour of Global Auto Holdings Ltd takeover at court and general...

1 Sep 2023 15:54

UK dividends calendar - next 7 days

29 Aug 2023 15:45

UK shareholder meetings calendar - next 7 days

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.