Brief: LMP To Buy 5 Import Dealerships In Texas
13/09/2021 14:50
Sept 13 (Reuters) - LMP Automotive Holdings Inc LMPX.O :
* LMP ANNOUNCES A DEFINITIVE ACQUISITION AGREEMENT TO
PURCHASE 5
IMPORT DEALERSHIPS IN TEXAS, ALONG WITH THE ASSOCIATED REAL
ESTATE, GENERATING APPROXIMATELY $592 MILLION IN ANNUALIZED
REVENUE AND $35 MILLION IN ADJUSTED EBITDA
* LMP AUTOMOTIVE - PURCHASE PRICE OF ABOUT $62.5 MILLION FOR
GOODWILL EXPECTED TO BE FUNDED THROUGH COMBINATION OF CASH ON
BALANCE SHEET, COMMON STOCK, DEBT
Source text for Eikon: ID:nGNX3qtbdP
Further company coverage: LMPX.O
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