Reg Vardy still backs Lookers

The Reg Vardy board is still backing the Lookers 875p per share bid over Pendragon’s three-way merger.

The dealer group urged its shareholders to vote in favour of the Lookers’ offer at a court meeting scheduled for February 20. An extraordinary general meeting will take place after the court meeting.

Lookers said it will also hold an extraordinary general meeting on February 14.

Both meetings will be held at Dresdner Kleinwort Wasserstein Limited, 20 Fenchurch Street, London EC3P 3DB.