AutoNation (AN) Withdraws from Pendragon PLC Process

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AutoNation Withdraws from Pendragon PLC Process

October 17, 2023 1:16 PM EDT

FORT LAUDERDALE, Fla., Oct. 17, 2023 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN) America's most admired retailer, today confirmed that it will not be making a formal offer for Pendragon PLC.

On September 26, 2023, AutoNation, Inc. (the "Company") confirmed that it had submitted a preliminary, non-binding proposal to acquire the entire... More