Confirmed: Trevor Finn is backing Hedin Pendragon deal
12 October 2022
Trevor Finn has been confirmed as one of the backers of the Hedin Mobility Group takeover offer of Pendragon. He holds a 1.22% stake. Anders and Helena Hedin are also named, along with HHS Invest AB. The total position of the offeror in Pendragon equals 27.59%.
In September, Hedin its second takeover bid for Pendragon in six months – a 29p per share offer that valued Pendragon at £411m. Pendragon subsequently said it was reviewing its options and indicated it could sell Pinewood DMS.
Hedin said it was “surprised” by the Pendragon announcement and withdrew a block on rival bids, stating it would consider any takeover bid of 35p a share or more.
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