HUIZENGA AGREES THAT IT'S ELWAY OR THE HIGHWAY FOR AUTO DEAL
Republic Industries Chair Wayne Huizenga has agreed to
pay $82.5M for John Elway's six Denver-area car dealerships,
according to Richard Williamson of the ROCKY MOUNTAIN NEWS.
Elway "received Republic stock and agreed to work for the
world's largest auto retailer for five years." Elway's
partner, Rod Buscher, "declined Republic's offer to remain
as president of the chain." Republic spokesperson Jim
Donahue "declined comment on whether Elway's name would be
added to any other dealerships" (ROCKY MTN NEWS, 10/29).