
HOUSTON -- Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, today announced the acquisition of Hilton Head BMW in Blufton, S.C., that is expected to generate $45.0 million in estimated annual revenues.
"Hilton Head BMW is our thirteenth BMW franchise in the United States," said Earl J. Hesterberg, Group 1's president and chief executive officer, "and will complement Group 1's existing Audi, BMW and Toyota dealerships in South Carolina."
Group 1...
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MORRISVILLE, NC -- Tekelec (NASDAQ: TKLC) today announced the completion of its acquisition by a consortium led by Siris Capital Group, LLC and including affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners LP, Sankaty Advisors LLC, ZelnickMedia and other Siris limited partners and affiliates, in a transaction valued at approximately $780 million. The transaction was initially announced on November 7, 2011 and was by...
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