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Sonic Automotive Inc Agrees To Purchase Dealerships


Friday, 24 May 2013 08:15am EDT 

Sonic Automotive Inc announced that it has entered into an agreement to purchase two franchises from Murray Motor Imports Co. of Denver, Colorado. The franchises include Murray BMW of Denver and Mercedes-Benz of Denver. Sonic Automotive currently operates Mountain States Toyota and Lone Tree Cadillac in Denver bringing total dealership count in the market to four. Closing of the pending transaction is subject to normal closing conditions, including manufacturers' approval. The purchase is expected to be complete by the end of July. Financial terms of the transaction were not disclosed. 

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