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Wholesale Auto Auction News
28 Jun 2000 at 12:00am Minnesota Power Inc., owner of North America's No. 2 wholesale auto auction network, said yesterday that it would buy nine auto auction sites for more than $160 million to expand its business in the West and the South. The nine auctions are from the Atlanta-based Cox Enterprises Inc.'s Manheim Auctions unit, the world's biggest auto-auction...
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15 Jan 2000 at 12:00am The conglomerate Tyco International Ltd. agreed yesterday to sell its ADT Automotive car auction unit for $1 billion in cash to Manheim Auctions Inc., a unit of the privately held Cox Enterprises Inc. Tyco said the sale would generate a one-time gain of about $300 million. It said ADT, a wholesale auto auction company, did not fit well with its...
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