Genuine Parts to spin off auto unit, separating industrial and vehicle businesses
Reuters
Feb 17
Genuine Parts to spin off auto unit, separating industrial and vehicle businesses
Feb 17 (Reuters) - Automotive and industrial parts distributor Genuine Parts GPC.N said on Tuesday it will spin off its auto parts unit into a separate company, months after it reached a settlement with activist investor Elliott Investment Management.
(Reporting by Apratim Sarkar; Editing by Shailesh Kuber)
((Apratim.Sarkar@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.