A LOCAL 8 WEATHER ALERT is in effect into Wednesday due repeated rainfall. A Flood Watch is in effect for our area until 7 AM Wednesday. Where there are more pauses in the rain, totals will be closer to 2 inches but some will receive at least 4 inches of rainfall total. Creeks and streams run high and areas with poor runoff could face flooding problems. Busy commute hours could face more slowdowns, with fog and standing water on roads as well.
Nashville (AP) -- Parking service provider Central Parking Corporation says it has agreed to be bought out by private equity firms for more than $726 million dollars in cash.
The Nashville-based company says its board approved the offer, which amounts to $22.53 per share, by Kohlberg & Company LLC, Lubert-Adler LP and Chrysalis Capital Partners LP.
At the end of December, Central Parking owned about 3,100 parking facilities, with about 1.5 million parking spaces, in North America, South America and Europe.
Copyright 2007 by the Associated Press. All rights reserved.
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