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Stock impact report

Herb Chambers Companies sold to Asbury Automotive Group for $1.34B [CBS News]

Asbury Automotive Group Inc (ABG) 
Last asbury automotive group inc earnings: 2/3 07:00 am Check Earnings Report
Company Research Source: CBS News
Herb Chambers Companies dealerships are located throughout eastern Massachusetts with several in Rhode Island. Herb Chambers Companies sold Asbury Automotive Group, one of the largest car retail and services companies in the country, signed a definitive agreement to acquire 33 dealerships, 52 franchises, and three collision centers. Principal owner Herb Chambers will serve as special advisor to Asbury and will retain ownership of Mercedes-Benz of Boston, which is located in Somerville. The sale, which is described as one of the most sizable in U.S. auto retail history, is subject to customary closing conditions. It is expected to close late in the second quarter of this year. "As I look back on the last 40 years in business, I do so with immense pride, and as I look forward, I will do so with great satisfaction knowing what we built together will be in trusted hands," Chambers said in a statement. "David Hult and the Asbury Automotive Group share our customer-focused philos Show less Read more
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