IN BRIEF: Marshall Motor approves GBP322.9 million takeover offer

Marshall Motor Holdings PLC - Cambridge-based automotive retailer - Approves 400 pence per share ...

Alliance News 6 December, 2021 | 4:52PM
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Marshall Motor Holdings PLC - Cambridge-based automotive retailer - Approves 400 pence per share takeover offer by Constellation Automotive Holdings Ltd's subsidiary, CAG Vega 2 Ltd.

Offer values the company at GBP322.9 million.

The acquisition is conditional on gaining approval from at least 50% of Marshall Motor shareholders, as well as from the UK Financial Conduct Authority.

Current stock price: 393.00 pence

Year-to-date change: up from 140.50p on December 31, 2020

By Greg Roxburgh; gregroxburgh@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Marshall Motor Holdings PLC 397.00 GBX 0.00 -

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