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Pendragon Rejects £392M Takeover Bid From Hedin, PAG

By Jade Martinez-Pogue (September 20, 2023, 4:56 PM EDT) -- British auto retailer Pendragon on Wednesday announced it has rejected an unsolicited joint takeover proposal from shareholder Hedin Mobility Group and asset management firm PAG International that would have valued the company at roughly £392 million ($486 million)....

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