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Stock impact report

New England auto giant Herb Chambers Companies sold in $1.34B deal [Yahoo! Finance]

Asbury Automotive Group Inc (ABG) 
Last asbury automotive group inc earnings: 2/3 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Error Code: 100-202 Session Id: p51gc9yj (Pls: bc5bd502-9b7b-4ff8-805d-c337cb633973) Frank O'Laughlin Tue, February 18, 2025 at 5:28 PM GMT+1 2 min read New England-based Herb Chambers Companies has been purchased in a blockbuster deal by one of the largest automotive retail and service companies in the United States. Asbury Automotive Group signed a definitive $1.34 billion purchase agreement to acquire various automotive dealerships owned by The Herb Chambers Companies, according to an announcement on Tuesday morning. The sale includes 33 dealerships, 52 franchises, and three collision centers in Massachusetts and Rhode Island. Herb Chambers, principal of the Herb Chambers Companies, has agreed to assume the post of special advisor to Asbury and will retain ownership of Mercedes-Benz of Boston in Somerville. “We're excited to bring Asbury and the Herb Chambers team together. Herb is an icon in Boston, and he has built a world-class organization, with a strong repu Show less Read more
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