AM Online

Lookers draws a line in the sand

Lookers has demanded that Pendragon make its intentions clear as to whether it has interest in buying them or not.

Lookers has set the deadline of 12pm, March 10 for Pendragon to either announce a firm intention to make an offer for Lookers or announce that it isn’t interested.

Lookers said it will not extend the deadline, except for the granted consent of the Lookers panel of executives.

Each of the parties has accepted these terms.

Under stock market rules Pendragon will not be able to pursue Lookers for six months after the deadline.

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