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Stock impact report

MD Johnson Inc. Advises Geoff Emery on the Sale of Porsche of Beverly Hills and Santa Monica Audi to Lithia & Driveway (LAD) [Yahoo! Finance]

Lithia Motors, Inc. (LAD) 
Last lithia motors, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: lithiainvestorrelations.com
Company Research Source: Yahoo! Finance
retailer in the world, today announced the acquisition of Porsche Beverly Hills and Santa Monica Audi. The transaction, exclusively advised by MD Johnson Inc. on behalf of Geoff Emery, is projected to contribute nearly $450 million in annual revenues to Lithia & Driveway Strategic Significance Located in the affluent West Side of Los Angeles, these dealerships serve Beverly Hills, Santa Monica, Bel Air, Holmby Hills, Brentwood, Hollywood, Venice, Pacific Palisades, Culver City, and Malibu. The dealerships are in what is widely regarded as the most prestigious luxury automotive market in the United States. Mark Johnson stated, "Both the Porsche dealership and Audi dealership are arguably close to, if not the top retailers of Porsche and Audi products in the U.S." Leadership Perspectives Geoff Emery, President and CEO of the dealerships and a respected industry leader with 34 years of service, expressed confidence in the transition: "From the outset, Mark Johnson and Bryan D Show less Read more
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