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AutoNation dropped its bid to acquire the U.K.-based Pendragon, shortly after Lithia Motors' decision to raise its original offer.

AutoNation exits bidding war for UK’s Pendragon

AutoNation on Tuesday rescinded its offer to purchase U.K.-based automotive retailer Pendragon, roughly three weeks after joining a bidding war composed of America's largest...
AutoNation has joined other top U.S. dealership groups in a bidding war for Pendragon, the U.K.'s second largest auto retailer.

AutoNation starts bidding war for U.K.’s Pendragon

AutoNation is now looking to purchase the U.K.-based Pendragon automotive group, offering the company $544 million on Tuesday. The move has kicked off a bidding...