Southfield, Michigan, April 17, 2013 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation ( NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today the closing of the previously announced underwritten public offering by certain trusts affiliated with the founder and Chairman of the Company Donald A. Foss and Karol A. Foss and certain individuals and entities associated with Prescott General Partners LLC of 1,500,000 shares of the Company's common stock at a price to the public of $105.00 per share. The Company did not sell any shares in the offering and did not receive any proceeds from the offering. The underwriters have a 30-day option to purchase up to an additional 225,000 shares of the Company's common stock from the selling shareholders.
Credit Acceptance Announces Closing Of Secondary Offering By Selling Shareholders
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