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GPI - Group 1 Automotive: The Growth Story Continues With Prime Acquisition
October, 11 2021 08:43 PM
Group 1 Automotive Inc.
Group 1 Automotive is acquiring Prime Automotive Group for c. $880 million. The deal consideration implies a modest premium but is justified by the higher owned property mix and the potential for synergy realization. Shares continue to trade at reasonable valuations, keeping me bullish. For further details see:
Group 1 Automotive: The Growth Story Continues With Prime Acquisition
Stock Information
Company Name:
Group 1 Automotive Inc.
Stock Symbol:
GPI
Market:
NYSE
Website:
group1auto.com
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