BRIEF-Autocanada Announces Strategic Divestiture Of Two Stores To Enhance Focus On Core Operations-February 2024-www.financetom.com

BRIEF-Autocanada Announces Strategic Divestiture Of Two Stores To Enhance Focus On Core Operations

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BRIEF-Autocanada Announces Strategic Divestiture Of Two Stores To Enhance Focus On Core Operations

Sep 11, 2024 5:05 AM

AutoCanada Inc ( AOCIF ):

* AUTOCANADA ANNOUNCES STRATEGIC DIVESTITURE OF TWO STORES

ENHANCE FOCUS ON CORE OPERATIONS

* AUTOCANADA INC ( AOCIF ) - TRANSACTION EXPECTED TO BE IMMEDIATELY

ACCRETIVE TO EBITDA MARGIN AND EPS

* AUTOCANADA INC ( AOCIF ) - PROCEEDS FROM SALE WILL BE USED TO REDUCE

AMOUNT OUTSTANDING UNDER COMPANY'S REVOLVING CREDIT

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