Marshall Motor Holdings share price, company news, analysis and interviews

Marshall Motor Holdings plc (LON:MMH), one of the UK’s leading automotive retail groups, has provided the following update regarding the terms of a cash offer to be made by Constellation Automotive Holdings Limited by its wholly-owned subsidiary CAG Vega 2 Limited of 400 pence per share for the entire issued and to be issued share capital of the Company announced on 29 November 2021. Background In the Offer Announcement, Constellation stated that it had received an irrevocable undertaking to accept the Offer from the Company’s 64.4% majority shareholder, Marshall of Cambridge (Holdings) Limited. The Offer is conditional on: (i)      Bidco having received acceptances carrying

Summary ·             The Board of Constellation Automotive Holdings Limited is pleased to announce the terms of a cash offer pursuant to which its wholly-owned subsidiary CAG Vega 2 Limited shall offer to acquire the entire issued and to be issued share capital of Marshall Motor Holdings plc (LON:MMH). ·             Bidco has received an irrevocable undertaking to accept the Offer from Marshall of Cambridge (Holdings) Limited in respect of its entire shareholding of 50,390,625 ordinary shares in the capital of Marshall, representing approximately 64.4 per cent. of the issued ordinary share capital of Marshall. ·             Under the terms of the Offer, which shall be subject to

Marshall Motor Holdings Plc (LON:MMH), one of the UK’s leading automotive retail groups, announced today the strategic acquisition of the entire issued share capital of Motorline Holdings Limited (including all of its subsidiaries), for a cash consideration of £64.5m funded from the Group’s existing cash resources. The net assets on acquisition include c.£20m of cash and c.£10m of debt. The Group has also separately acquired a related freehold property for £2.9m and has the option to acquire two additional strategic freehold properties for £24.9m. Motorline is a leading multi-franchise dealer group headquartered in Canterbury and operating across Kent, West Sussex, Surrey, Berkshire, Bristol, South

Marshall Motor Holdings Plc, (LON:MMH) one of the UK’s leading automotive retail groups, provided the following trading update and announces a further increase to its full year expectations for 2021. In August 2021, the Group announced its expectation that full year profits for the year ending 31 December 2021 would be not less than £40 million.  It also noted the uncertainties for H2 2021 and beyond surrounding well-documented vehicle supply issues, an expected realignment of used vehicle values (the timing of which was uncertain) and the continuing impact of the COVID-19 pandemic. New vehicle supply constraints caused by the global shortage of