After receiving approval from the Securities & Exchange Commission Aug. 24, AutoNation has increased capacity on its shelf registration to $2 billion and can go ahead with plans to sell an $800 million deal.

Timing for the offering is still pegged for late in the third to early in the fourth quarter. Banc of America Securities is slated to lead manage the offering with Credit Suisse First Boston and First Union Securities as co-managers (co-managers have yet to be officially named).

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