Herb Chambers selling car dealership network for $1.34 billion

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http://wcvb.com/article/herb-chambers-purchase-asbury-automotive/63828300

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Boston-area car sales giant Herb Chambers is selling his network of companies to a Georgia-based corporation for $1.34 billion, according to documents submitted to the U.S. Securities and Exchange Commission. The money includes $590 million for Chambers' properties and another $750 million labeled as "goodwill." "As I look back on the last 40 years in business, I do so with immense pride, and as I look forward, I will do so with great satisfaction knowing what we built together will be in trusted hands," Chambers said in a statement about...