Michael Dell, founder and chairman of computer maker Dell Inc., is looking to buy auto dealerships, and the likely target is the publicly held Asbury Automotive Group. For nearly a year, rumors have persisted that MSD Capital, the private investment firm Dell established in 1998 to manage his family’s capital, has been exploring the possibility of investing in automotive retail and has looked at several large private dealer groups before setting its sights on Asbury. Indications are a deal ...

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