Key Developments: AutoNation Inc (AN)
17 Apr 2014
Latest Key Developments (Source: Significant Developments)
AutoNation Inc:Appointed Cheryl Scully to the position of executive vice president and chief financial officer, effective March 3. Full Article
Autobytel Inc:Says it has acquired Ft. Lauderdale-based AutoUSA from AutoNation, Inc.Says the price included $10.0 mln in cash, a $1.0 mln, 6% convertible note payable in one lump sum in five years and convertible to Autobytel common stock at a conversion price reflecting a 20% premium over the price of Autobytel`s common stock on the date of closing.Says the transaction was financed by Union Bank, N.A. Full Article
AutoNation Inc announced that it has signed agreements to acquire Audi, Porsche and three Volkswagen stores in the Dallas, Texas market from Boardwalk Auto Group and Spring Chrysler Jeep Dodge Ram in the Houston, Texas market. Upon completion of the transactions, AutoNation will own and operate 50 franchises in the state of Texas. Upon completion of the Boardwalk acquisition, AutoNation will own and operate 19 franchises in the Dallas-Fort Worth market. Terms of the transaction were not disclosed. Full Article
DETROIT - AutoNation Inc , the largest U.S. automobile dealer group, on Thursday posted a stronger-than-expected first-quarter profit despite the severe winter weather that slowed sales.