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(Clarifying that there has not yet been a firm cash offer.)
Pendragon PLC - Nottinghamshire-based car dealership chain - Says discussions with its largest shareholder Hedin Mobility Group AB continue, following a proposal for a possible cash offer for Pendragon at 29 pence per share at the end of September. The board extends the 'put up or shut up' deadline to November 21. The PUSU deadline is when the Hedin must announce a firm intention to make an offer or that it does not intend to make an offer. "There can be no certainty that a firm offer will be made. A further announcement will be made in due course," Pendragon says.
Current stock price: 26.70 pence, up 1.1% on Monday
12-month change: up 42%
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