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Hedin, PAG say do not intend to make an offer for UK's Pendragon
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Oct 4 (Reuters) - Hedin Mobility Group and U.S.-based PAG International said on Wednesday the firms do not intend to make an offer for British automotive retailer Pendragon PDG.L.
Hedin, which holds a 27.6% stake in Pendragon and is its top shareholder, and PAG PAG.N had sweetened a proposal to buy the company for 32 pence per share in late September.
(Reporting by Eva Mathews in Bengaluru; Editing by Shweta Agarwal)
((Eva.Mathews@thomsonreuters.com;))
