Genuine Parts' Auto Segment Could Be Acquired by O'Reilly in Multi-Billion Dollar Deal

A major acquisition could be underway as O'Reilly Automotive offers a cash bid for Genuine Parts' auto division, valued at over $10 billion.

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.

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