AUTOCANADA BOARD CONSIDERS REQUEST TO REVIEW OPTIONS

Autocanada Inc. says its board

of directors will consider a request by an activist investor that it conduct a strategic review of its options including a possible sale of the company. The auto dealership group made the comment after Clearwater Capital Management asked the board to explore its options amid concerns about the company’s recent performance. Clearwater says it recently acquired a new investment position in Autocanada shares on behalf of its managed accounts, but did not disclose the size of its stake.