AutoNation Issues Update of Previously Announced Pricing for Debt Tender Offer
FORT LAUDERDALE, Fla., April 5 -- AutoNation, Inc. , in conjunction with its release issued earlier today under the headline "AutoNation, Inc. Announces Pricing for Debt Tender Offer," has the following update: J.P. Morgan Securities Inc. and Wachovia Securities have revised the calculation of the yield on the Reference Security set forth in the second paragraph of the release to 4.745%. Accordingly, the total consideration, excluding accrued and unpaid interest, for each $1,000 principal amount of Notes validly tendered and not withdrawn at or prior to 5:00 p.m., New York City time, on March 24, 2006 (the "Consent Deadline") is $1,080.32, which includes a consent payment of $30.00. The tender offer consideration, excluding accrued and unpaid interest, for each $1,000 principal amount of Notes validly tendered after the Consent Deadline but at or before the Offer Expiration Date (as defined in the release) is $1,050.32, which equals the total consideration less the consent payment.
Photo: http://www.newscom.com/cgi-bin/prnh/20001017/AUTONATIONLOGOAP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call: http://www.prnewswire.com/comp/750525.html