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ESL increases ownership of AutoNation
By Lisa Kerner
Charlotte, N.C., Dec. 13 - ESL Partners, LP upped its stake in AutoNation, Inc. to 31.9% from 30.0% with a series of stock purchases between Nov. 30 and Dec. 12.
The investor acquired an additional 3,510,709 shares of AutoNation stock for some $58.2 million, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons beneficially own 58,808,764 shares of the Fort Lauderdale, Fla., auto retailers' outstanding stock.
On Nov. 8, ESL reported a 28.5% stake in AutoNation.
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