Conifer Management L.L.C. buys $16.9 million in Group 1 Automotive, Inc. stock
GPI Group 1 Automotive Inc
$260.21 +1.13%
View chart & analysis → - 1Conifer Management L.L.C. purchased 65,650 shares of Group 1 Automotive, Inc. stock worth $16.9 million on September 17 and 18.
- 2Group 1 Automotive, Inc. announced in July that it will acquire Hennessy Automobile, a company with $1.7 billion in annual revenue.
- 3The acquisition value of approximately $1.3 billion for Group 1 Automotive, Inc. will be funded by $1.25 billion in new debt.
So what's the key point?
Conifer Management L.L.C. bought $16.9 million worth of Group 1 Automotive, Inc. stock. This purchase follows the company's decision to acquire a large-scale business.
Source The Motley Fool +1 · View original ↗
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