Lampert adds more to his AutoNation stake

Newswire

DETROIT, May 27 (Reuters) - Billionaire investor Edward Lampert has increased his stake in AutoNation Inc , the biggest U.S. auto dealership group, by more than half a million shares to about 39 percent, according to federal regulatory filings on Tuesday. Lampert, the largest shareholder in AutoNation, acquired 521,000 shares on May 22 for prices ranging from $15.44 to $16, raising his holdings to about 69.6 million, according to filings with the U.S. Securities and Exchange Commission. ...

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