Britain's Pendragon agrees to sweetened buyout offer for UK motor, leasing businesses

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Oct 2 (Reuters) - British auto dealer Pendragon said on Monday it agreed to sell its UK motor and leasing businesses to Lithia Motors for a sweetened 397 million pounds ($482.00 million) offer.

Lithia Motors had in September offered 250 million pounds for the business.

($1 = 0.8237 pounds) (Reporting by Prerna Bedi in Bengaluru)

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