Halfords targeted for merger by van rental firm

Halfords store exterior

A reported merger bid for Halfords by van rental group Redde Northgate has been dismissed over a price disagreement. 

The £1.4bn bid for the motoring and cycling retailer was dismissed because it “undervalues” Halfords, according to The Times

However, the newspaper understands it may not be the end of a potential deal, quoting a source as saying: “There were discussions about what an integration of the two businesses might look like, but there were questions over the valuations of both companies.

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