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SEARCHAsbury Automotive Group Inc. announced that shareholder Asbury Automotive Holdings LLC has agreed to sell 3,072,856 shares of the company's common stock in a public offering, reported Automotive News.
NEW YORK—Asbury Automotive Group Inc. announced that shareholder Asbury Automotive Holdings LLC has agreed to sell 3,072,856 shares of the company’s common stock in a public offering, reported Automotive News.
The offering will be underwritten by Goldman, Sachs & Co. and the shares are being sold for the account of funds affiliated with Ripplewood Partners LP, the company said.
Asbury ranks No. 6 on the Automotive News list of the top 100 dealership groups in the United States with retail sales of 105,521 new vehicles in 2005.
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