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Prospect News home > News index > List of issuers A > Headlines for AutoNation, Inc. > News item
Published on 5/29/2008 in the Prospect News Special Situations Daily.

ESL Partners continues to build stake in AutoNation

By Lisa Kerner

Charlotte, N.C., May 29 - ESL Partners, LP purchased 2,112,600 additional shares of AutoNation, Inc. common stock for a total of $33.29 million, increasing its ownership of the company to 39.9% from 38.7%.

The shares were purchased between May 16 and May 28, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

In a prior SEC filing, ESL Partners reported the purchase of 2,206,553 shares of AutoNation between April 28 and May 9 for a total of $35.44 million.

ESL now beneficially owns 71,245,674 shares of the Fort Lauderdale, Fla., auto retailers' outstanding stock.


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