Group 1 Automotive Announces Completion of Initial Public Offering of Common Stock

4 November 1997

Group 1 Automotive Announces Completion of Initial Public Offering of Common Stock

    HOUSTON, Nov. 4 -- Group 1 Automotive, Inc. (the
"Company") announced today the completion of its initial public offering (the
"Offering") of 5,520,000 shares of Common Stock at $12.00 per share.  Of the
shares offered, 5,148,136 shares were sold by the Company and 371,864 shares
were sold by a stockholder of the Company.  Of the 5,148,136 shares sold by
the Company, 720,000 shares were sold pursuant to the exercise of the
underwriters' over-allotment option.
    The managing underwriters for the offering were Goldman, Sachs & Co.,
Merrill Lynch & Co. and NationsBanc Montgomery Securities, Inc.
    Group 1 Automotive was founded to become a leading operator and
consolidator in the highly fragmented automotive retailing industry.  The
Company owns 30 automobile dealership franchises located in Texas and
Oklahoma, representing 21 American and Asian brands.
    This announcement is neither an offer to sell nor a solicitation of an
offer to buy the securities. The offer is made only by the Prospectus.  Copies
of the Prospectus may be obtained in any jurisdiction in which this
announcement is circulated only from such of the underwriters of the offering
as may legally offer these securities in such jurisdiction.

SOURCE  Group 1 Automotive, Inc.

Home | Buyers Guides For Every Auto Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | 2016-1993 Car Reviews Truck Reviews
1996-2016 Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2016 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to

Submit Company releases or Product News stories to
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: