Brief: Asbury Automotive Group Agrees To Acquire Jim Koons Automotive Companies In The Largest Auto Retail Acquisition Since 2021

Asbury Automotive

08/09/2023 13:02

Sept 8 (Reuters) - Asbury Automotive Group Inc  ABG.N :
    * ASBURY AUTOMOTIVE GROUP AGREES TO ACQUIRE JIM KOONS
AUTOMOTIVE
COMPANIES IN THE LARGEST AUTO RETAIL ACQUISITION SINCE 2021
    * ASBURY AUTOMOTIVE GROUP INC - PLANS TO FUND PURCHASE PRICE
WITH
ITS EXISTING LIQUIDITY, CREDIT FACILITY AND CASH ON HAND
    * ASBURY AUTOMOTIVE GROUP INC- SALE INCLUDES 29 FRANCHISES,
SIX
COLLISION CENTERS, 20 DEALERSHIPS IN VIRGINIA, MARYLAND AND
DELAWARE

Source text for Eikon:  ID:nBw5frSx3a 
Further company coverage:  ABG.N 

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