Australian car dealership Eagers Automotive has announced plans to purchase a 65% share in the holding company of CanadaOne, a Canadian dealership group, for a total consideration of A$1.04bn ($687m). The move aims to expand the Australian firm’s presence in the Canadian market. The transaction, which involves entities linked to CanadaOne's founder and CEO Pat Priestner, includes a cash payment of A$658m and A$386m worth of exchangeable shares of Eagers. Consequently, the valuation of the Canadian entit ...