Brief: Cars To Acquire The Accu-Trade Group, Adds Digital Vehicle Acquisition To The Cars Platform

Cars.com

08/02/2022 12:31

Feb 8 (Reuters) - Cars.com Inc  CARS.N :
    * CARS TO ACQUIRE THE ACCU-TRADE GROUP, ADDS DIGITAL VEHICLE
ACQUISITION TO THE CARS PLATFORM
    * CARS.COM INC - CONSIDERATION FOR TRANSACTION WILL BE $65
MILLION
IN CASH AT CLOSING
    * CARS.COM INC - DEAL INCLUDES POTENTIAL FOR ADDITIONAL CASH
AND
STOCK CONSIDERATION BASED ON ACHIEVEMENT OF CERTAIN FINANCIAL
THRESHOLDS
    * CARS.COM INC - ANTICIPATE MAKING A $63 MILLION EARN-OUT
PAYMENT
    * CARS.COM INC - EXPECT ACQUISITION WILL BE EBITDA ACCRETIVE
IN
YEAR ONE

Source text for Eikon:  ID:nPn570scNa 
Further company coverage:  CARS.N 

 ((Reuters.Briefs@thomsonreuters.com;))