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BREAKING: Auto fintech eyes CPS acquisition

Joey Pizzolato by Joey Pizzolato
October 8, 2020
in Capital & Funding
Reading Time: 3min read

Auto Experience, an auto finance fintech helmed by industry veteran Samuel Ellis, announced this morning its intent to acquire Consumer Portfolio Services in a $135 million all-cash transaction. The company proposes to acquire the subprime auto lender for approximately $6.18 per share of common stock, nearly doubling CPS’ market valuation. Consumer Portfolio Services’ stock [Nasdaq: […]

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