ESL Partners buys more than 4.88 million additional shares of AutoNation

By Lisa Kerner

Charlotte, N.C., July 31 - ESL Partners, LP purchased 4,889,992 shares of AutoNation, Inc. common stock for a total of $53.87 million, increasing its ownership of the company to 44%, from 39.9% on May 29.

The shares were purchased between June 2 and July 30, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

An additional 1.54 million shares were purchased during the same period for approximately $16.30 million by an ESL affiliate.

ESL now beneficially owns 77,679,856 shares of the Fort Lauderdale, Fla., auto retailers' outstanding stock.

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