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BRIEF-AutoCanada announces the acquisition of Don Folk Chevrolet

Published 2015-08-24, 07:02 a/m
© Reuters.  BRIEF-AutoCanada announces the acquisition of Don Folk Chevrolet
ACQ
-

Aug 24 (Reuters) - AutoCanada Inc ACQ.TO :
* Announces the acquisition of don folk chevrolet
* Says to purchase an 80% non-voting equity interest in the assets of Don Folk
Chevrolet
* Says transaction was reviewed and approved by autocanada's independent
members of its board of directors
* Says acquisition also includes all of the assets of Don Folk Autobody, a
standalone autobody shop
* Says Pat Priestner, executive chair of AutoCanada, shall be named dealer
operator
* Priestner, together with other senior managers, shall purchase a 20% equity
interest

* Source text for Eikon ID:nCNWFQktHa

* Further company coverage ACQ.TO

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