Brief: Lmp Automotive Holdings Inc - Announces A Definitive Acquisition Agreement For A Kia Dealership In New York
09/08/2021 14:19
Aug 9 (Reuters) - Lmp Automotive Holdings Inc LMPX.O :
* LMP AUTOMOTIVE HOLDINGS INC - ANNOUNCES A DEFINITIVE
ACQUISITION
AGREEMENT FOR A KIA DEALERSHIP IN NEW YORK
* LMP AUTOMOTIVE HOLDINGS INC - DEAL FOR PURCHASE PRICE OF
ABOUT
$14 MILLION FOR GOODWILL
* LMP AUTOMOTIVE HOLDINGS INC - DEAL FUNDED THROUGH A
COMBINATION
OF CASH ON LMP'S BALANCE SHEET, UP TO $5 MILLION IN COMMON STOCK
AND DEBT FINANCING
* LMP AUTOMOTIVE HOLDINGS INC - DEAL EXPECTED TO ADD ABOUT
$2.7
MILLION IN ADJUSTED EBITDA OR $0.26 PER SHARE IN 2022
Source text for Eikon: ID:nGNE1yB18p
Further company coverage: LMPX.O
((Reuters.Briefs@thomsonreuters.com;))
Recent news on LMP Automotive Holdings
See all newsBrief: Lmp Automotive Holdings Declares Special Cash Dividend
Brief: LMP Automotive Holdings Inc And Its Affiliates Announces Certain Asset Sale Agreements And Provides A Corporate Update
Brief: LMP Automotive Holdings Inc Announces Closed Sale Of Its Chevrolet Buick GMC Cadillac Dealership In Greeneville, Tennessee
Brief: Lmp Automotive, Affiliates Announce Certain Asset Sale Agreements With Morgan Auto Group
Brief: Lmp Automotive Holdings In. Provides Financial Update And Signs $15.8 Mln All Cash Agreement To Sell Its Chrysler Jeep Dodge Ram Dealership In New York