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Genuine Parts Is Said to Receive O’Reilly Interest for Auto Unit

Genuine Parts Is Said to Receive O’Reilly Interest for Auto Unit
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Transportation Genuine Parts Is Said to Receive O’Reilly Interest for Auto Unit Genuine Parts Co. has attracted a cash bid for its auto-parts arm from O’Reilly Automotive Inc. as it seeks to refocus on its industrials business, according to people familiar with the matter. The unit could be valued at $10 billion or more in any deal, the people added, asking not be named because the matter is private.

Transportation Genuine Parts Is Said to Receive O’Reilly Interest for Auto Unit Genuine Parts Co. has attracted a cash bid for its auto-parts arm from O’Reilly Automotive Inc. as it seeks to refocus on its industrials business, according to people familiar with the matter. The unit could be valued at $10 billion or more in any deal, the people added, asking not be named because the matter is private.
Auto Unit Genuine Parts Co. (ORG) Automotive Inc. (ORG)
Originally published by Bloomberg Markets Read original →