Investor buys AutoNation stock

FORT LAUDERDALE, Fla. — ESL Investments, a large institutional investor, purchased 27 million shares of AutoNation Inc.’s common stock at $10 per share.

ESL owns 77 million shares, or 24 percent of the nation’s largest dealership group. It bought 15 million shares from AutoNation Chairman H. Wayne Huizenga, 2 million shares from Vice Chairman Harris Hudson, and 10 million from board member Michael DeGroote.

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