Asbury Automotive Group (ABG) Stock Could Be 19.3% Undervalued On Herb Chambers Deal Narrative

Herb Chambers
Get notified whenever this star has news
Browse by day
Who is this?
Herbert G. Chambers (born November 24, 1941) is an American billionaire businessman, owner and president of The Herb Chambers Companies, a group of 60 car dealerships in the greater Boston, Massachusetts area. In 2015, at the age of 74, he was named as one of the 400 richest Americans, ranking number 392, with an estimated $1.8 billion, by Forbes magazine.
What happened recently
Herb Chambers has sold his dealership group, but still faces litigation in Suffolk Superior Court over overtime pay
Herb Chambers offloads 10 Central Mass. facilities as part of larger $1.5B sale to Atlanta firm
Herb Chambers, numerous of his companies, agree to pay $11.8 million for PPP loan fraud allegations
Asbury Automotive Accelerates Expansion With $1.34 Billion Herb Chambers Takeover
Herb Chambers squares off against Burlington planning board over dealership project