RTTNews | Oct 8, 2020 10:58AM EDT

10:57 Thursday, October 8, 2020 (RTTNews.com) - Shares of Consumer Portfolio Services, Inc. (CPSS) surged about 35% on Thursday morning after Auto Experience Inc. proposed to acquire the company for the $135 million.

CPSS is currently trading at $4.52, up $1.17 or 34.9254%, on the Nasdaq.

On October 7, Auto Experience, created in 2018 to pursue strategic business opportunities in the automobile financing market, proposed to acquire Consumer Portfolio for about $6.18 per share.

Based in Irvine, California, Consumer Portfolio Services is an independent specialty finance company that provides indirect automobile financing to consumers.

Read the original article on RTTNews ( https://www.rttnews.com/3134900/stock-alert-consumer-portfolio-jumps-35-on-acquisition-proposal.aspx)

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