Jul. 2 at 8:13 PM
O’Reilly Automotive has submitted an all-cash bid for Genuine Parts’ automotive parts business, according to Bloomberg News, citing people familiar with the matter. The division could be valued at
$10 billion or more, making it one of the largest potential transactions in the auto aftermarket industry. While negotiations are ongoing, no final agreement has been reached.
Bloomberg reported that an announcement on a possible sale could come before the end of the summer. Genuine Parts, however, is also weighing other strategic options, including keeping the business or spinning it off as a standalone company. The report added that other potential buyers could still enter the sale process, leaving the outcome uncertain.
If completed, the deal would significantly expand O’Reilly’s footprint in the automotive parts market and reshape the competitive landscape. Genuine Parts declined to comment on the report, while O’Reilly did not respond to requests for comment.
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