Business
NAPA Owner Genuine Parts Plans to Split Into Two Companies
Genuine Parts GPC -0.30%decrease; red down pointing triangle, the big owner of NAPA auto-care centers, said Tuesday it plans to separate its auto and industrial parts units to create two separate public companies.
The details
The split is the culmination of a review the Atlanta-based company has been undergoing with financial advisers. The Wall Street Journal reported earlier Tuesday that the deal announcement was imminent.
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