LMPX - LMP Automotive +15% on Atlantic's acquisition agreement

LMP Automotive Holdings (LMPX) +15.4% PM, entered into a definitive agreement for the acquisition of a 70% interest in Atlantic Automotive Group and Atlantic Central Storage, for $608M.Total contracted new vehicle franchise count will stand at 33 post the acquisition, COO Richard Aldahan stated."Upon closing, and combined with our currently contracted acquisitions, in 2021 we expect to have 9K+ vehicles exposed and available nationwide on our online platform and app for our customers with a cost-efficient transportation and delivery network that we will begin to integrate and add to inventories shortly after close," chairman & CEO Sam Tawfik commented.With LMP's hybrid and acquisition model, the company will lead in EBITDA and net income compared to peers.Quick peers comparison of EBITDA:

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LMP Automotive +15% on Atlantic's acquisition agreement