LMP Automotive Holdings Inc. (LMPX) to Purchase an 85% Interest in the Alan Jay Automotive Network
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 12/8/2024
- S&P 500, Nasdaq hit record closing highs; Lululemon gains, data supports rate cut view
- Wall Street adds to stock, rate cut bets after 'Thanksgiving buffet' jobs data
- US dollar advances, fades earlier sell-off ahead of next week's inflation
- Oil prices fall on supply glut fears despite OPEC+ output cut extension
- HPE stock rises as Q4 results top estimates, guidance impresses
- AMC Entertainment (AMC) enters 50M share sales and registration agreement
- Icahn Enterprises L.P. (IEP) And Icahn Enterprises Holdings L.P. Announce Commencement Of Tender Offer For Up To 17,753,322 Shares Of Common Stock Of CVR Energy (CVI)
- Super Micro Computer (SMCI) granted NASDAQ listing extension
- DoorDash Inc. (DASH) PT Raised to $215 at RBC Capital, Reflecting Targets Boost
- Roth/MKM Starts CervoMed (CRVO) at Buy
- After-hours movers: HPE, lululemon, Ulta Beauty, Docusign and more
- After-hours movers: SentinelOne, Synopsys, PVH Corp, Verint Systems, American Eagle
- After-hours movers: Marvell Technology, Salesforce, Okta and more
- After-hours movers: Zscaler, Honeywell, Microchip Technology and more
- After-hours movers: HP Inc., Dell Technologies, Workday and more
LMP Announces a Definitive Acquisition Agreement to Purchase an 85% Interest in the Alan Jay Automotive Network, a 12-Dealership Group in Florida, Along with the Associated Real Estate, Generating App
September 13, 2021 7:00 AM EDTFORT LAUDERDALE, FL , Sept. 13, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into definitive acquisition agreements to purchase an 85% interest in the Alan Jay Automotive Network, a 12-dealership group in Florida, along with the associated real estate, generating approximately $345 million in annualized revenue and $18.3 million in adjusted EBITDA.
Expected to close in the fourth quarter of this year. Aggregate Purchase price of approximately $50 million... More
