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ESL Partners adds to ownership interest in AutoNation
By Lisa Kerner
Charlotte, N.C., March 5 - ESL Partners, LP upped its stake in AutoNation, Inc. to 36% from 34.8% with the purchase of an additional 2,196,000 shares of the company's stock from Feb. 28 through March 3.
The shares were priced from $14.15 to $15.18 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons beneficially own 64,881,821 shares of the Fort Lauderdale, Fla., auto retailers' outstanding stock.
In a prior SEC filing, ESL reported the purchase of 1,950,900 shares of the company's stock from Feb. 20 through Feb. 22 priced from $15.00 to $15.45 apiece.
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