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Article: ADESA seeks to take 3rd turn as public company.(NEWS)(Bayside Auto Auction Inc.'s sales and securities report)(Financial report)(Brief article)
- Article from:
- Automotive News
- Article date:
- September 28, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Arlena Sawyers
The nation's No. 2 auto auction company is preparing for its third stint as a publicly held company.
ADESA Inc. is owned by KAR Holdings Inc., which filed a registration statement with the Securities and Exchange Commission on Sept. 14 for a proposed initial public offering of common stock.
According to the SEC filings, financial statements show that KAR Holdings' unaudited net income rose threefold to $9.3 million in the six months that ended June 30, compared with $3.0 million a year earlier. Revenues fell 5 percent to $881.6 million.
ADESA's operating profit rose 15 percent in the six months to $95.0 million, ...
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Article: KAR Holdings, Inc. Reports First Quarter 2008 ...
Business Wire;
May 13, 2008 ;
700+ words
... ... combined companies of ADESA and IAAI. Earnings ... Call Information KAR Holdings, Inc. will also ... Holdings, Inc. KAR Holdings, Inc. is the holding company for ADESA, a leading provider ... information on KAR Holdings Inc., ADESA, Insurance Auto ...
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