Asbury Automotive sets secondary offering of stock

Newswire

NEW YORK, Jan 22 (Reuters) - Car seller Asbury Automotive Group said on Thursday that it filed a document with regulators related to a proposed secondary offering of 10 million shares of stock. Asbury Automotive Holdings, an affiliate of Ripplewood Investments, is offering 7.1 million shares, with the remaining shares offered by other stockholders.

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