Lithia & Driveway shares are trading higher after the company announced it intends to enter a partnership with Pinewood Technologies and acquire the UK motor and fleet management divisions of Pendragon plc.
Portfolio Pulse from Benzinga Newsdesk
Lithia & Driveway announced its intention to enter a partnership with Pinewood Technologies and acquire the UK motor and fleet management divisions of Pendragon plc. This has led to a rise in the company's shares.
September 18, 2023 | 4:47 pm
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Lithia & Driveway's shares are trading higher after the company announced a partnership with Pinewood Technologies and acquisition of Pendragon's UK divisions.
The announcement of a new partnership and acquisition indicates a potential expansion of Lithia & Driveway's business, which is likely to have a positive impact on the company's stock price in the short term.
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