11:13 AM EST, 11/15/2024 (MT Newswires) -- Camping World Holdings ( CWH ) said Friday it agreed to acquire the assets and certain real estate of seven dealerships from Lazydays Holdings.

The firm values the transaction at about book value, estimating a net cash outlay of $10 million to $20 million after accounting for expected proceeds from standard third-party real estate financing.

Upon transaction completion, Camping World ( CWH ) said it will convert the deposit to 9.7 million Lazydays' common shares.

Shares of Camping World ( CWH ) were down nearly 2% in recent trading.

Price: 23.77, Change: -0.40, Percent Change: -1.65