BRIEF-Group 1 Automotive Agrees To Acquire Inchcape U.K. Dealerships-March 2024-www.financetom.com

BRIEF-Group 1 Automotive Agrees To Acquire Inchcape U.K. Dealerships

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

BRIEF-Group 1 Automotive Agrees To Acquire Inchcape U.K. Dealerships

Apr 14, 2024 11:51 PM

April 15 (Reuters) - Group 1 Automotive Inc ( GPI ):

* GROUP 1 AUTOMOTIVE AGREES TO ACQUIRE INCHCAPE U.K.

DEALERSHIPS

* : TRANSACTION IS SUBJECT TO RECEIPT OF APPROVAL FROM

FINANCIAL

CONDUCT AUTHORITY AND IS EXPECTED TO CLOSE IN Q3 OF 2024

* DEAL FOR APPROXIMATELY $439 MILLION (£346 MILLION) IN AN

ALL-CASH TRANSACTION

* GROUP 1 AUTOMOTIVE-AGREEMENT FOR ABOUT $439 MILLION (£346

MILLION) IN AN ALL-CASH TRANSACTION, INCLUSIVE OF $279 MILLION

(£220 MILLION) OF APPRAISED REAL ESTATE VALUE

Source text for Eikon:

Further company coverage:

Previous page： Malaysia pushes TikTok for age verification to protect minors Next page： Sequans to Implement 1-for-10 ADS Ratio Change

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Malaysia pushes TikTok for age verification to protect minors

Sep 4, 2025

KUALA LUMPUR (Reuters) -Malaysia has urged the video-sharing platform TikTok to implement age verification for users after summoning the firm's top management to demand faster action to curb harmful content. The effect of social media on children's mental health is a growing global concern; Australia last year banned children under 16 from using them. Malaysian Communications Minister Fahmi Fadzil said he...

Sequans to Implement 1-for-10 ADS Ratio Change

Sep 4, 2025

06:43 AM EDT, 09/04/2025 (MT Newswires) -- Sequans Communications ( SQNS ) said Thursday it will change the ratio of its American Depositary Shares to ordinary shares, effective Sept. 17. The adjustment will create one new ADS for every 10 old ADSs, while the company's ordinary shares will remain unaffected, the company said. Shares of the company were down by...

Strathcona Resources Details Form of C$2.1 Billion Special Distribution

Sep 4, 2025

06:40 AM EDT, 09/04/2025 (MT Newswires) -- Strathcona Resources ( STHRF ) said late Wednesday it will distribute about C$2.14 billion to shareholders as part of a previously disclosed special payout. The company said the distribution, tied to a statutory plan of arrangement, will allow shareholders to elect to receive the payout as either a dividend or a return of...

Market Chatter: Mizuho's Move to Buy Majority Stake in Indian Investment Bank Avendus Stalls

Sep 4, 2025

06:38 AM EDT, 09/04/2025 (MT Newswires) -- Mizuho Financial Group's ( MFG ) attempt to acquire a majority interest in Indian investment bank Avendus Capital is facing obstacles over disagreements on valuation and the right exit option for the business, Bloomberg News reported Thursday, citing people familiar with the matter. However, considerations are still in progress, with the parties still...