Asbury automotive group acquires park place dealerships

Asbury automotive group announces the acquisition of park place dealerships.asbury automotive group inc - deal for $1 billion.asbury automotive group inc - deal expected to be accretive to 2020 earnings, excluding impact of transaction costs.asbury automotive group inc - deal an all-cash transaction, excluding vehicle inventory..asbury automotive group inc - acquisition will add approximately $2 billion in expected annualized revenues.asbury automotive - deal purchase price includes $785 million of goodwill, about $215 million for real estate & leasehold improvements.asbury automotive group inc - expect to achieve significant synergies over next three years through combining park place with asbury.asbury automotive - deal to be funded through co's existing credit facilities, cash flow from operations, committed financing arrangements.
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