Department Stores M&A » By The Online Investor Staff, updated Wed., Apr. 14, 4:52 PM
Recent mergers and acquisitions in the Department Stores M&A category.
| This Slide: #19 of 27 |
Slide #19. Genuine Parts Company — Exego Group
Acquirer:
Genuine Parts Company (NYSE:GPC)
Acquiree:
Exego Group
Details:
Genuine Parts Company (NYSE: GPC) announced today that it has completed the purchase of the remaining 70% stake of Exego Group for approximately $650 million (US$) in cash and the assumption of approximately $160 million (US$) in net debt, effective April 1, 2013. The purchase was financed using a combination of cash on hand and borrowings under existing credit facilities. The Company had previously purchased a 30% stake in the Exego Group on January 1, 2012, and had announced the pending agreement to acquire the remaining shares on March 11, 2013.
Genuine Parts is engaged in the distribution of automotive and industrial replacement parts. Co.'s segments are: Automotive Parts Group, which distributes automotive parts and accessory items and provides inventory, cataloging, marketing, training and other programs to the automotive aftermarket; and Industrial Parts Group, which distributes industrial replacement parts and related supplies such as bearings, mechanical and electrical power transmission products, industrial automation and robotics, hose, hydraulic and pneumatic components, industrial and safety supplies and material handling products to maintenance, repair and operation and original equipment manufacturer customers.
Genuine Parts SEC Filing Email Alerts Service
Open the GPC Page at The Online Investor »
|
|||||||||||||||||||||
Open the GPC Page at The Online Investor (in a new window) »
|
|
Avg. Broker Rec.
 
|
Hold (2.14 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: GPC Stock Forecast Based on Zacks ABR data; powered by Xignite |
