Pendragon: Pendragon shareholders vote in favour of Lithia bid

In a general meeting, the shareholders of car retailer Pendragon have voted in favour of Lithia's bid for the company's UK motor and leasing business. Backed by 98% of shareholders, the offer by Lithia UK Holding Limited, a subsidiary of Lithia Motors, was revealed last month and was followed by a number of alternative bids from [...]