Reg Vardy bid talks advance, no firm deal yet

Newswire

LONDON, Nov 21 (Reuters) - Takeover talks between UK car dealership Reg Vardy and rival Pendragon have advanced although the two sides have yet to officially agree the terms of a 420-million-pound ($719.5 million) bid, a source familiar with the situation said Monday. "It is fair to say that the talks have advanced. Negotiations are a long way down the line," a source familiar with the situation told Reuters. The source said 750 pence per share remained a "pretty firm" offer price but ...

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