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This excerpt taken from the AN 10-K filed Feb 17, 2010. 14. ACQUISITIONS We acquired various automotive retail franchises and related assets during the years ended December 31, 2009, 2008, and 2007. We paid in cash approximately $0.2 million in 2009, $32.2 million in 2008, and $6.7 million in 2007 for automotive retail acquisitions. During 2009, we acquired one automotive retail franchise and other related assets, three in 2008, and ten in 2007. We anticipate that substantially all of the goodwill recorded in 2009, 2008, and 2007 will be deductible for federal income tax purposes. The business combinations in 2009, 2008, and 2007 were not material individually or in the aggregate to our financial condition or results of operations. |
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