Genuine Parts' Auto Segment Could Be Acquired by O'Reilly in Multi-Billion Dollar Deal
O'Reilly Automotive has made a cash bid for Genuine Parts' auto parts division, as shared in a report from Yahoo Finance.
With the unit valued at $10 billion or more, a potential deal could be shared by the end of summer.
Genuine Parts could still retain the business, or seek a spinoff separately from O'Reilly, noted Yahoo Finance.
The purchase would mark O'Reilly’s largest since 2008, when it paid $1 billion to acquire CSK Auto Corp.
