The Online Investor
Department Stores M&A image 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.

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 »

Company Name: 
Genuine Parts Co.
Website: 
www.genpt.com
Sector: 
Auto Parts
Number of ETFs Holding GPC: 
98
Total Market Value Held by ETFs: 
$2.99B
Total Market Capitalization: 
$17.00B
% of Market Cap. Held by ETFs: 
17.56%
 

Open the GPC Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



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

Department Stores M&A - Slide 19 of 27 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.