KAR Auction Services, Inc. (NYSE:KAR) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure.
On November 28, 2018, KAR Auction Services, Inc. (the “Company”) issued a press release announcing that the Company has reached a definitive agreement to acquire CarsOnTheWeb Global NV.
The press release issued on November 28, 2018 announcing the foregoing events is furnished with this Current Report on Form 8-K as Exhibit99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Number Exhibit Description
Certain statements contained in this Report include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and which are subject to certain risks, trends and uncertainties. In particular, statements made that are not historical facts may be forward-looking statements. Words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “contemplates” and similar expressions identify forward-looking statements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those matters disclosed in the Company’s Securities and Exchange Commission filings. The Company does not undertake any obligation to update any forward-looking statements.
KAR Auction Services, Inc. ExhibitEX-99.1 2 exhibit991-cotwpressrelease.htm EXHIBIT 99.1 – COTW PRESS RELEASE Exhibit Exhibit 99.1PRESS RELEASEFOR IMMEDIATE RELEASEKAR to Extend International Footprint with Acquisition of CarsOnTheWebDigital Wholesale Auction Platform to Anchor Company’s European Operations and ExpansionCARMEL,…To view the full exhibit click
About KAR Auction Services, Inc. (NYSE:KAR)
KAR Auction Services, Inc. is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc. (ADESA Auctions), Insurance Auto Auctions, Inc. (IAA) and Automotive Finance Corporation (AFC). The ADESA segment is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. The Company operates as IAA in the United States and Impact Auto Auctions in Canada. The AFC segment is a provider of floorplan financing to independent used vehicle dealers. It facilitates a marketplace by providing auction services for sellers of used, or whole car, vehicles and salvage vehicles through its approximately 240 physical auction locations, and multiple Internet venues. The Company facilitates the sale of over 4.4 million used and salvage vehicles.