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Asbury Automotive Group Completes Acquisition of Herb Chambers Dealerships

1. Asbury Automotive acquires The Herb Chambers Companies, expanding market reach. 2. CEO expresses excitement over redefined car-buying experience.

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FAQ

Why Bullish?

Acquisitions typically boost market presence and revenue. Historical trends show acquisitions have positively impacted share prices in automotive sector.

How important is it?

The acquisition directly affects ABG's business landscape, likely improving profitability and market share.

Why Long Term?

The successful integration of HCC will take time but could significantly enhance ABG's growth prospects.

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CARGLADKMX
DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., has completed the acquisition of The Herb Chambers Companies (HCC), the sixteenth largest by revenue privately-owned dealership group in the country. “We're thrilled to complete the acquisition of The Herb Chambers Companies' assets and operations,” said David Hult, Asbury's President & CEO. “Herb redefined the car-buying experience.

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