AutoNation eyes Inchcape's UK retail unit, report says.

EARNINGS announcements; RETAIL industry; BIDS

AutoNation Inc. is reportedly considering a bid to purchase the United Kingdom operations of Inchcape, an automotive retail and distribution company. AutoNation's interest in Inchcape comes after the British company announced it was reviewing strategic options for its U.K. retail business, including a possible sale. AutoNation had previously explored acquiring U.K. auto retailer Pendragon but ultimately declined to make a formal bid. The company's CEO, Mike Manley, stated that they are still looking for acquisition opportunities both in the U.S. and overseas. [Extracted from the article]

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