Summary
The war of words between car dealership Pendragon and its pounds 250 million takeover target Lookers has escalated after the former accused its prey of using "scaremongering tactics" in its defence document.
Pendragon, which has 24 different dealerships across the Midlands, said Lookers' recent profits forecast for 2006 looked "risky".See the full content of this document
Extract
Lookers Is Using Scare Tactics, Says Pendragon
A take it or leave it all share offer for Lookers was launched by Pendragon, which in March completed the pounds 500 million acquisition of Reg Vardy.
If approved,...See the full content of this document
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