Camping World to Acquire Seven Dealerships From Lazydays
MT Newswires Live11-16 00:13
Camping World Holdings (CWH) said Friday it agreed to acquire the assets and certain real estate of seven dealerships from Lazydays Holdings.
The firm values the transaction at about book value, estimating a net cash outlay of $10 million to $20 million after accounting for expected proceeds from standard third-party real estate financing.
Upon transaction completion, Camping World said it will convert the deposit to 9.7 million Lazydays' common shares.
Shares of Camping World were down nearly 2% in recent trading.
Price: 23.77, Change: -0.40, Percent Change: -1.65
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