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Lookers wait till New Year for Reg Vardy bid

Lookers will wait until the New Year before it makes a cash offer for the shares of Reg Vardy.

The company said today it had made ‘good progress’ with potential providers of finance for the possible offer. But, it also stated there could be ‘no certainty’ that any offer will be made, due to the finalisation of financing arrangements.

“We believe the combination of Vardy and Lookers would represent a compelling strategic fit based on a shared culture and approach and complementary geographic and manufacturer fit,” said the Lookers directors in a statement to the stock market.

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