Autocanada Inc (AOCIF) 63.7852 $AOCIF
AutoCanada Inc. Provides Update on Acquisition Pipeline
PR Newswire - Tue Apr 29, 6:00AM CDT
AutoCanada Inc. ("AutoCanada" or the "Company"
(TSX: ACQ) announced today that it has signed a purchase agreement for a dealer group, as well as purchase agreements for additional unrelated dealerships outside of the dealer group. In total, the Company has executed purchase agreements for eight dealerships, which we would expect to close at various times within the next 90 days. All such agreements are in different stages of progress with respect to due diligence, and all are subject to Manufacturer approval which is anticipated, but is not assured.
Conference Call Announcement - First Quarter 2014 Results and Discussion
CNW Group - Mon Apr 28, 5:00PM CDT
AutoCanada Inc. ("AutoCanada" (TSX:ACQ) will release its earnings report for the three month period ended March 31, 2014 on Thursday, May 8, 2014 after the close of markets. It will also be posted on the Company's website at http://www.autocan.ca.
AutoCanada Inc. Announces Increase in Floorplan Credit Facility to $550 Million and Change to Chrysler Canada Minimum Ownership Requirement for CanadaOne Auto Group
PR Newswire - Thu Apr 24, 5:00PM CDT
AutoCanada Inc. ("AutoCanada" or the "Company" (TSX: ACQ) announced today that it has increased its existing syndicated floorplan facility ("Floorplan Facility" with The Bank of Nova Scotia ("Scotiabank" and The Canadian Imperial Bank of Commerce ("CIBC" by $200 million, bringing total availability to $550 million. All significant terms and conditions of the previous facility remain unchanged. AutoCanada also announced today that Chrysler Canada has reduced the minimum equity interest that it requires CanadaOne Auto Group Ltd. ("CAG" , a company controlled by Mr. Pat Priestner, to hold in AutoCanada until January 1, 2015,to a 5% equity interest. Previously CAG was required to maintain a minimum 20% equity interest until January 1, 2015, at which time the minimum ownership requirement would expire.
Autocanada Inc. Announces Increase in Credit Facility to $190 Million
CNW Group - Thu Apr 03, 2:50PM CDT
AutoCanada Inc. ("AutoCanada" or the "Company" (TSX: ACQ) announced today that it has increased its existing syndicated credit agreement ("Credit Agreement" by $60 million, bringing total availability to $190 million. The facility now includes HSBC Bank Canada ("HSBC" , Alberta Treasury Branches ("ATB" and Royal Bank of Canada ("RBC" , with HSBC acting as administrative agent to the Credit Agreement. The revised Credit Agreement provides AutoCanada with the following facilities:
AutoCanada Inc. Announces GM Canada Approval of Investment in Cadillac Buick GMC Dealership
CNW Group - Mon Mar 31, 7:30AM CDT
AutoCanada Inc. ("AutoCanada" or the "Company" (TSX: ACQ) announced today that it has obtained approval from General Motors of Canada ("GM Canada" to purchase an 80% non-voting equity interest in the assets of McNaught Cadillac Buick GMC ("McNaught" , a Cadillac Buick GMC dealership located in Winnipeg, Manitoba. The acquisition is expected to close April 1, 2014.
AutoCanada Inc. announces strong fourth quarter results and provides updated acquisition guidance:
CNW Group - Thu Mar 20, 6:38PM CDT
A conference call to discuss the results for the year ended December 31, 2013 will be held on March 21, 2014 at 11:00 a.m. Eastern time (9:00 a.m. Mountain time). To participate in the conference call, please dial 1-888-231-8191 or (647) 427-7450 approximately 10 minutes prior to the call. A live and archived audio webcast of the conference call will also be available on the Company's website www.autocan.ca.
AutoCanada Inc. Announces Stock and Cash Deal for Investment in a Group of Two General Motors Dealerships
CNW Group - Mon Mar 10, 8:30PM CDT
AutoCanada Inc. ("AutoCanada" or the "Company" (TSX: ACQ) announced today that it has obtained approval from General Motors of Canada ("GM Canada" to purchase a 70% non-voting equity interest in Saskatoon Motor Products Ltd., a Chevrolet dealership located in Saskatoon, Saskatchewan and Mann-Northway Auto Source Ltd., a Chevrolet GMC Buick Cadillac dealership located in Prince Albert, Saskatchewan. The purchase of the two dealerships closed upon obtaining approval from GM Canada.
AutoCanada Inc. Announces the Award of Volkswagen Open Point
CNW Group - Thu Feb 20, 12:00PM CST
AutoCanada Inc. ("AutoCanada" or the "Company" (TSX:ACQ) announced today that it has been awarded the right to a Volkswagen open point dealership in Sherwood Park, Alberta, a community adjacent to Edmonton, Alberta. The Company intends to construct an approximately 45,000 square foot facility in Sherwood Park, designed to Volkswagen Canada image standards, with construction anticipated to be completed in Q1 2016. The open point has a planning potential of 800 new vehicles annually which the Company anticipates achieving in two-three years of operation. The new facility is also expected to add 21 service bays.
AutoCanada Declares Quarterly Dividend
Close-Up Media - Thu Feb 20, 12:19AM CST
AutoCanada, Inc. announced that its Board of Directors has declared a quarterly eligible dividend of $0.22 per common share, an increase of 4.8 percent from the previous quarterly dividend of $0.21 per common share.
Macquarie Infrastructure CompanyCorporate Event Announcement Notice
Wall Street Horizon - Wed Feb 19, 8:14PM CST
AutoCanada Inc. ("AutoCanada" or the "Company" (TSX: ACQ) announced today that it has obtained approval from General Motors of Canada ("GM Canada" to purchase an 80% non-voting equity interest in Peter Baljet Chevrolet GMC Buick ("Peter Baljet" located in Duncan, British Columbia. Peter Baljet currently services the Duncan and Cowichan Valley area of Vancouver Island; and in 2012 sold 416 new vehicles and 372 used vehicles.
AutoCanada Inc. Announces its Twelfth Consecutive Quarterly Dividend Increase
CNW Group - Fri Feb 14, 11:30AM CST
AutoCanada Inc. ("AutoCanada" (TSX:ACQ) today announced that its Board of Directors has declared a quarterly eligible dividend of $0.22 per common share, an increase of 4.8% from the previous quarterly dividend of $0.21 per common share. The dividend is payable on March 17, 2014 to shareholders of record at the close of business on February 28, 2014. The declared dividend represents a rate of $0.88 per share on an annualized basis.
Conference Call Announcement - Annual and Fourth Quarter 2013 Results and Discussion
CNW Group - Mon Feb 03, 4:53PM CST
AutoCanada Inc. ("AutoCanada" (TSX:ACQ) will release its earnings report for the three month period and year ended December 31, 2013 on Thursday, March 20, 2014 after the close of markets. It will also be posted on the Company's website at http://www.autocan.ca.
AutoCanada and Crosstown Auto Centre Contribute $100,000 to Typhoon Relief
CNW Group - Mon Dec 30, 5:18PM CST
AutoCanada Inc. ("AutoCanada" or "the Company" (TSX: ACQ) announced today that in support of the continued Canada Red Cross relief efforts in the Philippines, Crosstown Auto Centre, along with AutoCanada's group of dealers, has donated $100,000 in support of the relief efforts resulting from Typhoon Haiyan. "With the devastation that has occurred and the continued need for assistance, we want to do what we can to help," said Tom Orysiuk, President of AutoCanada.
AutoCanada Inc. Corrects Typographical Error in MD&A
CNW Group - Fri Nov 08, 9:18AM CST
AutoCanada Inc. ("AutoCanada" (TSX:ACQ) will correct its recently issued Management's Discussion and Analysis ("MD&A" dated November 7, 2013. On page 22 of the MD&A, we noted, "…Management believes that it is well positioned to play the role that it has long sought as a consolidator and looks to add an additional three to six dealerships over the coming 18 months." AutoCanada notes a typographical error and will replace "three to six dealerships" with "four to seven dealerships."
AutoCanada Inc. Provides Update on Acquisition Pipeline
PR Newswire - Tue Apr 29, 6:00AM CDT
AutoCanada Inc. ("AutoCanada" or the "Company"
(TSX: ACQ) announced today that it has signed a purchase agreement for a dealer group, as well as purchase agreements for additional unrelated dealerships outside of the dealer group. In total, the Company has executed purchase agreements for eight dealerships, which we would expect to close at various times within the next 90 days. All such agreements are in different stages of progress with respect to due diligence, and all are subject to Manufacturer approval which is anticipated, but is not assured. Conference Call Announcement - First Quarter 2014 Results and Discussion
CNW Group - Mon Apr 28, 5:00PM CDT
AutoCanada Inc. ("AutoCanada"
(TSX:ACQ) will release its earnings report for the three month period ended March 31, 2014 on Thursday, May 8, 2014 after the close of markets. It will also be posted on the Company's website at http://www.autocan.ca. AutoCanada Inc. Announces Increase in Floorplan Credit Facility to $550 Million and Change to Chrysler Canada Minimum Ownership Requirement for CanadaOne Auto Group
PR Newswire - Thu Apr 24, 5:00PM CDT
AutoCanada Inc. ("AutoCanada" or the "Company"
(TSX: ACQ) announced today that it has increased its existing syndicated floorplan facility ("Floorplan Facility" with The Bank of Nova Scotia ("Scotiabank" and The Canadian Imperial Bank of Commerce ("CIBC" by $200 million, bringing total availability to $550 million. All significant terms and conditions of the previous facility remain unchanged. AutoCanada also announced today that Chrysler Canada has reduced the minimum equity interest that it requires CanadaOne Auto Group Ltd. ("CAG" , a company controlled by Mr. Pat Priestner, to hold in AutoCanada until January 1, 2015,to a 5% equity interest. Previously CAG was required to maintain a minimum 20% equity interest until January 1, 2015, at which time the minimum ownership requirement would expire. Autocanada Inc. Announces Increase in Credit Facility to $190 Million
CNW Group - Thu Apr 03, 2:50PM CDT
AutoCanada Inc. ("AutoCanada" or the "Company"
(TSX: ACQ) announced today that it has increased its existing syndicated credit agreement ("Credit Agreement" by $60 million, bringing total availability to $190 million. The facility now includes HSBC Bank Canada ("HSBC" , Alberta Treasury Branches ("ATB" and Royal Bank of Canada ("RBC" , with HSBC acting as administrative agent to the Credit Agreement. The revised Credit Agreement provides AutoCanada with the following facilities: AutoCanada Inc. Announces GM Canada Approval of Investment in Cadillac Buick GMC Dealership
CNW Group - Mon Mar 31, 7:30AM CDT
AutoCanada Inc. ("AutoCanada" or the "Company"
(TSX: ACQ) announced today that it has obtained approval from General Motors of Canada ("GM Canada" to purchase an 80% non-voting equity interest in the assets of McNaught Cadillac Buick GMC ("McNaught" , a Cadillac Buick GMC dealership located in Winnipeg, Manitoba. The acquisition is expected to close April 1, 2014. AutoCanada Inc. announces strong fourth quarter results and provides updated acquisition guidance:
CNW Group - Thu Mar 20, 6:38PM CDT
A conference call to discuss the results for the year ended December 31, 2013 will be held on March 21, 2014 at 11:00 a.m. Eastern time (9:00 a.m. Mountain time). To participate in the conference call, please dial 1-888-231-8191 or (647) 427-7450 approximately 10 minutes prior to the call. A live and archived audio webcast of the conference call will also be available on the Company's website www.autocan.ca.
AutoCanada Inc. Announces Stock and Cash Deal for Investment in a Group of Two General Motors Dealerships
CNW Group - Mon Mar 10, 8:30PM CDT
AutoCanada Inc. ("AutoCanada" or the "Company"
(TSX: ACQ) announced today that it has obtained approval from General Motors of Canada ("GM Canada" to purchase a 70% non-voting equity interest in Saskatoon Motor Products Ltd., a Chevrolet dealership located in Saskatoon, Saskatchewan and Mann-Northway Auto Source Ltd., a Chevrolet GMC Buick Cadillac dealership located in Prince Albert, Saskatchewan. The purchase of the two dealerships closed upon obtaining approval from GM Canada. AutoCanada Inc. Announces the Award of Volkswagen Open Point
CNW Group - Thu Feb 20, 12:00PM CST
AutoCanada Inc. ("AutoCanada" or the "Company"
(TSX:ACQ) announced today that it has been awarded the right to a Volkswagen open point dealership in Sherwood Park, Alberta, a community adjacent to Edmonton, Alberta. The Company intends to construct an approximately 45,000 square foot facility in Sherwood Park, designed to Volkswagen Canada image standards, with construction anticipated to be completed in Q1 2016. The open point has a planning potential of 800 new vehicles annually which the Company anticipates achieving in two-three years of operation. The new facility is also expected to add 21 service bays. AutoCanada Declares Quarterly Dividend
Close-Up Media - Thu Feb 20, 12:19AM CST
AutoCanada, Inc. announced that its Board of Directors has declared a quarterly eligible dividend of $0.22 per common share, an increase of 4.8 percent from the previous quarterly dividend of $0.21 per common share.
Macquarie Infrastructure CompanyCorporate Event Announcement Notice
Wall Street Horizon - Wed Feb 19, 8:14PM CST
AutoCanada Inc. ("AutoCanada" or the "Company"
(TSX: ACQ) announced today that it has obtained approval from General Motors of Canada ("GM Canada" to purchase an 80% non-voting equity interest in Peter Baljet Chevrolet GMC Buick ("Peter Baljet" located in Duncan, British Columbia. Peter Baljet currently services the Duncan and Cowichan Valley area of Vancouver Island; and in 2012 sold 416 new vehicles and 372 used vehicles. AutoCanada Inc. Announces its Twelfth Consecutive Quarterly Dividend Increase
CNW Group - Fri Feb 14, 11:30AM CST
AutoCanada Inc. ("AutoCanada"
(TSX:ACQ) today announced that its Board of Directors has declared a quarterly eligible dividend of $0.22 per common share, an increase of 4.8% from the previous quarterly dividend of $0.21 per common share. The dividend is payable on March 17, 2014 to shareholders of record at the close of business on February 28, 2014. The declared dividend represents a rate of $0.88 per share on an annualized basis. Conference Call Announcement - Annual and Fourth Quarter 2013 Results and Discussion
CNW Group - Mon Feb 03, 4:53PM CST
AutoCanada Inc. ("AutoCanada"
(TSX:ACQ) will release its earnings report for the three month period and year ended December 31, 2013 on Thursday, March 20, 2014 after the close of markets. It will also be posted on the Company's website at http://www.autocan.ca. AutoCanada and Crosstown Auto Centre Contribute $100,000 to Typhoon Relief
CNW Group - Mon Dec 30, 5:18PM CST
AutoCanada Inc. ("AutoCanada" or "the Company"
(TSX: ACQ) announced today that in support of the continued Canada Red Cross relief efforts in the Philippines, Crosstown Auto Centre, along with AutoCanada's group of dealers, has donated $100,000 in support of the relief efforts resulting from Typhoon Haiyan. "With the devastation that has occurred and the continued need for assistance, we want to do what we can to help," said Tom Orysiuk, President of AutoCanada. AutoCanada Inc. Corrects Typographical Error in MD&A
CNW Group - Fri Nov 08, 9:18AM CST
AutoCanada Inc. ("AutoCanada"
(TSX:ACQ) will correct its recently issued Management's Discussion and Analysis ("MD&A" dated November 7, 2013. On page 22 of the MD&A, we noted, "…Management believes that it is well positioned to play the role that it has long sought as a consolidator and looks to add an additional three to six dealerships over the coming 18 months." AutoCanada notes a typographical error and will replace "three to six dealerships" with "four to seven dealerships." 
