Home / International News / News detail

Asbury Automotive says holders to sells 2 million shares

From Automotive News| April 05 , 2007 15:18 BJT

Asbury Automotive Group Inc. said certain funds affiliated with the company's largest stakeholder, Freeman Spogli & Co., have agreed to sell a total of 2 million stock shares in an underwritten public offering.

The funds have also granted the underwriter an option to purchase up to 300,000 additional shares, the automobile retailer said in a statement.

The company will not receive any proceeds from the offering, it added.
 

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com