To explore options, LMP taps BofA Securities: N.Y. Stellantis dealership to be sold; CFO terminated: N.Y. Stellantis dealership to be sold; CFO terminated

摘要

LMP Automotive Holdings Inc., which this month fired its CFO, plans to sell a Stellantis dealership in New York and has hired BofA Securities to help it seek strategic options for its auto retail business. The small publicly traded Fort Lauderdale, Fla., retailer disclosed July 15 that it had signed an agreement to sell its Chrysler-Dodge-Jeep-Ram dealership in White Plains, N.Y., and said the sale was expected to generate $15.8 million. The transaction is expected to close in October.