FORT LAUDERDALE, Fla., April 5 /PRNewswire-FirstCall/ -- AutoNation, Inc.
(NYSE: AN), in conjunction with its release issued earlier today under the
headline "AutoNation, Inc. Announces Pricing for Debt Tender Offer," has the
following update: J.P. Morgan Securities Inc. and Wachovia Securities have
revised the calculation of the yield on the Reference Security set forth in
the second paragraph of the release to 4.745%. Accordingly, the total
consideration, excluding accrued and unpaid interest, for each $1,000
principal amount of Notes validly tendered and not withdrawn at or prior to
5:00 p.m., New York City time, on March 24, 2006 (the "Consent Deadline") is
$1,080.32, which includes a consent payment of $30.00. The tender offer
consideration, excluding accrued and unpaid interest, for each $1,000
principal amount of Notes validly tendered after the Consent Deadline but at
or before the Offer Expiration Date (as defined in the release) is $1,050.32,
which equals the total consideration less the consent payment.
SOURCE AutoNation, Inc.
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CONTACT:
Marc Cannon, AutoNation, +1-954-769-3146, or
cannonm@autonation.com
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