ONDON, Dec 15 (Reuters) - Car retailer Inchcape Plc said on Friday it had agreed to buy smaller British rival European Motor Holdings Plc in an all-cash deal worth around 263 million pounds ($517 million).
The company said it had offered 480 pence a share for EMH, an 18.5 percent premium on its closing price on Dec. 4 -- the day before it confirmed it was in takeover talks.