Lithia Motors reportedly in talks to buy Jardine Motors for £300M

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• Lithia Motors (NYSE:LAD) in talks to acquire Ferrari dealer Jardine Motors for about £300M, citing people familiar with the matter.
• This takeover would give the company a substantial foothold in the UK, with access to luxury car brands including Ferrari and Maserati, sources said.
• Responding to an enquiry from Sky News on Monday, a Lithia spokesman said: "Lithia has a stated desire to expand into the UK market and has held discussions with Jardine Matheson with a view to investing in Jardine Motors Group UK."
• Looking at the stock price, LAD has fallen around 17% past 12 months but has rebounded 19.5% so far this year.
• Meanwhile, see why SA contributor Leo Nelissen says that "Lithia is in a terrific position to generate high long-term returns for its owners."