Genuine Parts (GPC) rose 13% after a report that O'Reilly Automotive (ORLY) made a cash bid for its auto-parts division.
Asianet Newsable on MSN
GPC stock pops 13%, ORLY falls 5% — O’Reilly makes cash bid for Genuine Parts’ $10B auto unit, says report
A deal could be announced by late summer, though Genuine Parts may also consider retaining the business or pursuing a spinoff ...
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A month has gone by since the last earnings report for O'Reilly Automotive (ORLY). Shares have added about 7.6% in that time frame, underperforming the S&P 500. Will the recent positive trend continue ...
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