๐ Genuine Parts $GPC pops +13% โ O'Reilly submits ~$10B bid for NAPA auto parts unit
GPC shares surged after reports that O'Reilly Automotive made a roughly $10 billion cash offer for Genuine Parts' auto parts and NAPA distribution business. Management is weighing a sale versus a spinoff, with a decision expected by end of summer. DA Davidson separately launched coverage at Buy, calling the stock materially undervalued. Not financial advice. Would you want O'Reilly to win this deal, or does GPC unlock more value by going it alone?
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