CarGurus Inc - Ordinary Shares - Class A

NASDAQ:CARG   3:59:55 PM EDT
28.77
+1.17 (+4.24%)
Products, Mergers / Acquisitions

Cargurus Agrees To Acquire A Majority Stake In Instant Trade Platform, Caroffer

Published: 12/10/2020 12:16 GMT
CarGurus Inc - Ordinary Shares - Class A (CARG) - Cargurus Agrees to Acquire a Majority Stake in Instant Trade Platform, Caroffer.
Cargurus Inc - Entered Into a Definitive Agreement to Acquire a 51% Interest in Plano, at an Enterprise Valuation of $275m.
Cargurus Inc - Upon Closing, Caroffer Will Continue to Operate Independently Under Its Current Leadership & Will Retain Its Brand & Office Location.