AutoNation investor, board member may buy more shares, discuss operations with others

By Lisa Kerner

Charlotte, N.C., Sept. 28 - AutoNation, Inc. investors led by ESL Partners, LP and including board member William C. Crowley may "continue to communicate with the board of directors, members of management and/or other stockholders from time to time with respect to operational, strategic, financial or governance matters or otherwise work with management and the board of directors to create stockholder value."

The Hart-Scott-Rodino Act filings will allow ESL and investors to acquire additional shares in open-market transactions or otherwise once the applicable waiting period expires or is terminated, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 50,052,840 shares, or 24.8%, of the Fort Lauderdale, Fla., auto retailer.

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