HR Owen to consider possible bid, capital return

Newswire

LONDON, Sept 27 (Reuters) -Car franchise dealer HR Owen Plc said on Wednesday it would consider any takeover bid from Chief Executive Nicholas Lancaster in tandem with a separate proposal to return cash to shareholders. The group said in a statement with its interim results that it would consider the merits of Lancaster's proposal "as and when it is made". Lancaster said on Sept. 21 he was preparing a bid to take HR Owen private, saying it made no sense to continue as a public company in ...

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