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Republic Industries Terminates Discussions With Van Tuyl Automotive Group

Oct. 08, 1998

FORT LAUDERDALE, Fla., Oct. 8 /PRNewswire/ -- Republic Industries, Inc. (NYSE: RII) announced today that it had been in discussions with the Van Tuyl Automotive Group regarding a possible transaction. Due to market conditions, however, these discussions have been terminated.

Republic Industries, Inc. operates subsidiaries in the automotive retailing, automotive rental and solid waste industries. The Company owns the nation's largest group of franchised automotive dealerships and operates the AutoNation USA used vehicle megastore chain. Republic also owns and operates National Car Rental Systems, Inc., Alamo Rent-A-Car, and CarTemps USA.

SOURCE Republic Industries, Inc.
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