UPDATE 1-Pendragon seeks merger with Lookers and Reg Vardy


(Adds more detail, comment, background) LONDON, Jan 27 (Reuters) - British car dealer Pendragon Plc said on Friday it had approached rival Lookers Plc about a possible three-way consolidation of the two companies and a third car dealer, Reg Vardy Plc . On Jan. 17, Lookers unveiled an agreed 492 million pound ($878 million), or 875 pence per share, takeover of Reg Vardy, trumping a previously agreed 800 pence offer by Pendragon made on Dec. 3. Pendragon said in a statement on Friday its ...

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