Brief: AutoCanada Further Expands Into Southern Ontario With Acquisition Of Sterling Honda

Autocanada

02/12/2022 24:36

Dec 1 (Reuters) - Autocanada Inc  ACQ.TO :
    * AUTOCANADA FURTHER EXPANDS INTO SOUTHERN ONTARIO WITH
ACQUISITION OF STERLING HONDA
    * ACQUIRED DEALERSHIP GENERATES IN EXCESS OF $65 MILLION IN
ANNUAL
REVENUE
    * TRANSACTION WILL BE FUNDED FROM A DRAWDOWN OF COMPANY'S
CREDIT
FACILITY AND IS EXPECTED TO BE ACCRETIVE TO 2022 EARNINGS

Source text for Eikon:  ID:nCNWSWylXa 
Further company coverage:  ACQ.TO 
 ((Reuters.Briefs@thomsonreuters.com;))