Latest Gainsco Inc (GANS) Headlines GAINSCO A
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Posted On: 03/09/2014 10:46:40 PM
Latest Gainsco Inc (GANS) Headlines
GAINSCO Announces Purchase Of Automobile Dealership
PR Newswire - Mon Dec 09, 3:56PM CST
GAINSCO, INC. (the "Company" or "GAINSCO") (Pink Sheets: GANS) announced today that it has expanded its business offerings beyond that of strictly a non-standard personal automobile insurance writer and servicer and entered the business of owning and operating a franchised automobile dealership. Effective upon the close of the asset purchase transaction on November 13, 2013, GAINSCO, through its newly-formed and wholly-owned subsidiary, Stallings Auto Group, Inc. ("SAG"), and SAG's wholly-owned subsidiary, Bob Stallings Hyundai, Inc., acquired certain assets of Dallas Hyundai, Inc. (dba South Dallas Hyundai). The assets acquired were new and used vehicles, fixed assets, parts and accessories and intangibles. Dallas Hyundai, Inc. was a franchised automobile dealership selling the Hyundai brand of vehicles in Dallas, Texas.
GAINSCO Announces Purchase Of Automobile Dealership
PR Newswire - Mon Dec 09, 3:56PM CST
GAINSCO, INC. (the "Company" or "GAINSCO") (Pink Sheets: GANS) announced today that it has expanded its business offerings beyond that of strictly a non-standard personal automobile insurance writer and servicer and entered the business of owning and operating a franchised automobile dealership. Effective upon the close of the asset purchase transaction on November 13, 2013, GAINSCO, through its newly-formed and wholly-owned subsidiary, Stallings Auto Group, Inc. ("SAG"), and SAG's wholly-owned subsidiary, Bob Stallings Hyundai, Inc., acquired certain assets of Dallas Hyundai, Inc. (dba South Dallas Hyundai). The assets acquired were new and used vehicles, fixed assets, parts and accessories and intangibles. Dallas Hyundai, Inc. was a franchised automobile dealership selling the Hyundai brand of vehicles in Dallas, Texas.
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