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LAD - Lithia announces proposed of common stock and notes
Lithia Motors Inc.
Lithia Motors (LAD) intends to offer $700M of Class A common shares in a public offering.Underwriters over-allotment is an additional $105M shares.Net proceeds will be used for general corporate purposes.Concurrently, the company intends to offer $500M senior notes due 2031 in a private offering.This press release is neither an offer to sell nor a solicitation of an offer to buy the notes. Source: Press Release