CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Marshall Motor (MMH) board backs £325m takeover bid

By David Burrows

08:55, 6 December 2021

A car in a mechanic’s garage
Constellation’s brands include WeBuyAnyCar.com – Photo: Alamy

Marshall Motor Group has confirmed a bid has been made for its business by Constellation Automotive Holdings.

The offer values the business at £325m ($431m) and Constellation is offering 400p per share for the entire issued and to be issued share capital of the company.

The offer, taking into account 36.49p per share of dividends paid to shareholders, represents a total shareholder return of 293% and an initial rate of return of 20.6% to Marshall Motor’s AIM admission price per share of 149p.

The Marshall Motor board intends to recommend shareholders accept the offer.

London-listed Marshall Motor finished trading on Friday at 392p.  

Recognised brands

Constellation is a UK-based integrated used-vehicle services group, covering both the UK and continental Europe. Its brands include WeBuyAnyCar.com, Cinch and BCA.

AMC

6.91 Price
+1.620% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.03

AMZN

147.02 Price
-0.540% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.27

NVDA

477.93 Price
-0.860% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.23

TSLA

249.42 Price
+5.620% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.18

The company describes itself as “a facilitator and link to the automotive value chain, supporting manufacturers, dealers, finance and leasing companies and the end consumer”.

The Marshall Motor Group is a UK-based dealer in new and approved used cars. It has 164 dealerships representing 27 global manufacturers, from Audi, BMW, Ford, Land Rover, SKODA and Mercedes-Benz to Volkswagen and Volvo.

In the offer announcement, Constellation said that it is “focussed [sic] on broadening its offering for both consumers and business partners across the UK and Europe, and the potential acquisition of Marshall continues this strategy”.

Read more: Festivals fails to cheer Indian Motown as November sales fall

 

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading