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    LMPX — LMP Automotive Holdings News Story

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    Brief: LMP Announces A Definitive Acquisition Agreement For A Chrysler Dodge Jeep Ram Dealership In Tennessee

    Picture of LMP Automotive Holdings logoLMP Automotive Holdings
    24/08/2021 21:03
    Aug 24 (Reuters) - Lmp Automotive Holdings Inc  LMPX.O :
    * LMP ANNOUNCES A DEFINITIVE ACQUISITION AGREEMENT FOR A
CHRYSLER
DODGE JEEP RAM DEALERSHIP IN TENNESSEE, GENERATING APPROXIMATELY
$42 MILLION IN ANNUALIZED REVENUE AND $1.4 MILLION IN ADJUSTED
EBITDA
    * LMP AUTOMOTIVE HOLDINGS - PURCHASE PRICE OF ABOUT $4.5
MILLION
FOR GOODWILL EXPECTED TO BE FUNDED THROUGH CASH, UP TO $2.5
MILLION IN STOCK, DEBT FINANCING
    * LMP AUTOMOTIVE HOLDINGS INC - DEAL EXPECTED TO ADD ABOUT
$1.4
MILLION IN ADJUSTED EBITDA OR $0.12 PER SHARE IN 2022

Source text for Eikon:  ID:nGNE1CvMbt 
Further company coverage:  LMPX.O 

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

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