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