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Asbury Automotive Group Completes Acquisition of Herb Chambers Dealerships

1. ABG acquires The Herb Chambers Companies, enhancing market position. 2. This acquisition bolsters ABG's footprint in the automotive retail sector.

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FAQ

Why Bullish?

Acquisitions typically lead to increased revenue and market share, as seen with similar automotive transactions historically enhancing stock performance.

How important is it?

The acquisition of The Herb Chambers Companies is a significant strategic move for ABG, likely leading to notable revenue growth and competitive advantages.

Why Long Term?

The benefits from this acquisition will likely unfold over years as integration occurs and market presence grows.

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GPIKMXAN
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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