---
schema_version: "secwatch.filing_event.v1"
accession: "0000350698-23-000127"
form_type: "8-K"
ticker: "AN"
cik: "0000350698"
company_name: "AUTONATION, INC."
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:58:33.579358+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AutoNation proposes to acquire Pendragon PLC for 32p per share in cash

## Summary
- AutoNation submitted a non-binding preliminary proposal to acquire all Pendragon shares at 32 pence per share in cash.
- Pendragon's board will consider the proposal and consult shareholders; no certainty a firm offer will be made.
- AutoNation must announce firm intention or withdrawal by October 24, 2023, per UK Takeover Code Rule 2.6(a).
- Acquisition would be all-cash; no AutoNation stock issuance and no shareholder vote required.
- Proposal is subject to pre-conditions, including completion of due diligence.

## SEC filing metadata
- accession: 0000350698-23-000127
- form_type: 8-K
- ticker: AN
- cik: 0000350698
- company_name: AUTONATION, INC.
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/350698/000035069823000127/0000350698-23-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/350698/000035069823000127/an-20230926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000350698-23-000127
- JSON: https://secwatch.observer/filing/0000350698-23-000127.json
- Plain text: https://secwatch.observer/filing/0000350698-23-000127.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.