Canada One Auto Group Inc. signed an agreement to acquire four dealerships in Canada from AutoCanada Inc. (TSX:ACQ) on December 7, 2017. As consideration, Canada One Auto will pay CAD 23 million and will provide majority ownership in five dealerships in Canada to AutoCanada. The deal is subject to subject to GM Canada's final approval of the transaction. The transaction was reviewed and approved by an independent committee of the Board of Directors of Canada One Auto and AutoCanada. The deal is expected to close on January 2, 2018. Canada One Auto Group Inc. signed an agreement to acquire four dealerships in Canada from AutoCanada Inc. (TSX:ACQ) on January 2, 2018.