Lookers gears up for TBF Thompson deal

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Lookers gears up for TBF Thompson deal

Shareholders at Lookers, the motor dealer, yesterday approved its acquisition of TBF Thompson, the rights issue to fund the deal and the sale of Adelaide, its finance business division. The rights issue is on a one-for-three basis at a price of 125p. New dealings will begin in the shares today. Following the issue Woodchester, Lookers largest shareholder, will have a 29.9 per cent stake.

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