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Lithia Ups Bid For Pendragon Motor, Leasing Biz To £397M

By Jade Martinez-Pogue ( October 2, 2023, 5:14 PM EDT) -- British auto retailer Pendragon on Monday announced that it received an increased bid of £397 million ($479.9 million) in cash for its motor and leasing business from U.S. automotive dealership group Lithia Motors Inc., a roughly 42% increase from Lithia's original offer....

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