Valuation?From Lithia Motors (LAD-N)
How much they paid for an outfit the size of ACQ? $450 million ($364 + $27-in shares +$53)...
Corporate Development
On October 1, 2014, we completed the purchase of DCH Auto Group (USA) Inc., one of the 10 largest dealer groups in the country. The DCH stores are estimated to generate approximately $2.3 billion in annualized revenue. The transaction was funded by approximately $364 million in cash, the issuance of 268,770 shares of Lithia Class A common stock, incurring $230 million of vehicle floorplan debt financing, and the assumption of non-floor plan debt of $53 million.
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