AM Online

Deadline set for tri party Lookers bid

The three-party consortium looking to buy Lookers has until 5pm on June 8 to make its bid for the fifth largest dealer group in the UK.

Trefick, the investment company, which already has a 17.3% stake in Lookers, teamed up with real estate private equity investment advisors Moor Park and venture capitalist Brett Palos to submit a formal written approach to Lookers' board on April 28.

Lookers revealed last week that its board had receieved and rejected an offer which it described as “purely speculative”.
 

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.