KAR Auction Services Inc

NYSE:KAR   3:22:53 PM EDT
-0.74 (-4.87%)
Equity Investments, Other Pre-Announcement, Mergers / Acquisitions

Kingsway To Expand Portfolio Of Warranty Holdings

Published: 10/13/2020 12:29 GMT
KAR Auction Services Inc (KAR) - Kingsway to Expand Portfolio of Warranty Holdings.
Kingsway Financial Services-signing of Definitive Agreement to Acquire Pwi Holdings,inc From Adesa Dealer Services, Subsidiary of Kar Auction Services.
Kingsway Financial Services Inc - Purchase Price for Acquisition is $24.5 Million.
Kingsway Financial Services Inc - Deal Expected to Close Prior to Year-end, Pending Receipt of Requisite Regulatory Approvals.
Kingsway Financial Services Inc - Kingsway Expects to Fund Purchase Price Via a Mix of Cash on Hand and Third-party Financing.