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Group 1 Automotive Announces Hennessey Automotive Acquisition and Asset Sale Plan

The Motley Fool +1 · ·by G4L

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GPI Group 1 Automotive Inc
$260.21 +1.13%
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  1. 1Group 1 Automotive announced the acquisition of Hennessey Automotive.
  2. 2The Hennessey Automotive acquisition will add $1.7 billion in annual revenue.
  3. 3Group 1 Automotive expects $1.1 billion to $1.2 billion in revenue from planned dealership sales.

So what's the key point?

Group 1 Automotive has decided to buy Hennessey Automotive. This acquisition will add $1.7 billion in revenue, and the company will also generate money through dealership sales.

Source The Motley Fool +1 · View original ↗

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