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ITHACA - William Cooke first put his family's auto dealerships on the market two years ago.
"I'm proud to say we got lots ofinterest," says Cooke, president of Bill Cooke Imports and formerly Bill Cooke Chevrolet-Cadillac. "We had lots of interest, including from some big chain dealers across the country. And we sort of went down the road with one or two of them."
Ultimately, however, Cooke agreed to sell his family's dealerships to another family-owned business, Maguire Automotive, LLC. The companies announced Jan. 14 that Maguire will close on the Cooke import business later this month, after it bought the Chevrolet dealership in November.
No financial terms were disclosed.
Cooke says he had hoped to sell both locations at the same time, but the import deal took longer because of the...