Secret Dealings ; Odeybags Gains As Pendragon Picks Up Speed
Mail on Sunday › February 23, 2004
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Summary
SHARES in car dealer Pendragon have shot up since it announced the takeover of rival CD Bramall last month, and one shrewd investor arrived just in time to enjoy the fun.
Pendragon made an agreed 600p-a-share offer for Bramall that valued its smaller rival at Pounds 230 million. Its own shares rocketed on the deal, rising 21 per cent to 2551/2p on the day it was announced.They closed last week at 297p.See the full content of this document
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Secret Dealings ; Odeybags Gains As Pendragon Picks Up Speed
It meant useful profits for the top-performin...
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