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Genuine Parts Co (GPC.N)

GPC.N on New York Stock Exchange

98.59USD
24 May 2019
Change (% chg)

$0.35 (+0.36%)
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Volume
106,723
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Latest Key Developments (Source: Significant Developments)

Genuine Parts Co Names Paul Donahue To Additional Role Of Board Chairman
Monday, 22 Apr 2019 

April 22 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY NAMES PAUL DONAHUE TO ADDITIONAL ROLE OF CHAIRMAN OF THE BOARD OF DIRECTORS AND DECLARES REGULAR QUARTERLY DIVIDEND.GENUINE PARTS CO - DONAHUE WILL CONTINUE AS CEO AND, EFFECTIVE TODAY, ADD POSITION OF CHAIRMAN.GENUINE PARTS CO - BOARD DECLARED A REGULAR QUARTERLY CASH DIVIDEND OF $0.7625 PER SHARE.  Full Article

Genuine Parts Company Announces Automotive Acquisition In Europe
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY ANNOUNCES AUTOMOTIVE ACQUISITION IN EUROPE.GENUINE PARTS CO - EXPECTS ACQUIRED BUSINESS TO GENERATE ANNUAL REVENUES OF APPROXIMATELY $330 MILLION.GENUINE PARTS CO - TO ACQUIRE PARTSPOINT GROUP.GENUINE PARTS CO - ALLIANCE AUTOMOTIVE GROUP HAS ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE PARTSPOINT GROUP.  Full Article

Genuine Parts Company Announces Industrial Automation And Robotics Acquisition
Wednesday, 13 Feb 2019 

Genuine Parts Co ::GENUINE PARTS COMPANY ANNOUNCES INDUSTRIAL AUTOMATION AND ROBOTICS ACQUISITION.GENUINE PARTS CO - EXPECTS AXIS TO GENERATE ESTIMATED ANNUAL REVENUES OF $55 MILLION.GENUINE PARTS CO - MOTION INDUSTRIES TO ACQUIRE AXIS NEW ENGLAND AND AXIS NEW YORK, WITH EFFECTIVE CLOSE DATE OF MARCH 1, 2019.  Full Article

Genuine Parts Co Announces New Executive Officer
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY ANNOUNCES NEW EXECUTIVE OFFICER.GENUINE PARTS CO - SCOTT A. SONNEMAKER HAS JOINED COMPANY AS GROUP PRESIDENT, NORTH AMERICAN AUTOMOTIVE.GENUINE PARTS CO - SONNEMAKER WILL HAVE RESPONSIBILITY FOR ALL ASPECTS OF AUTOMOTIVE BUSINESS IN U.S., CANADA AND MEXICO.  Full Article

Genuine Parts Co Believes S.P. Richards Merger Agreement With Essendant Remains "Superior"
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Essendant Inc ::GENUINE PARTS COMPANY COMMENTS ON NOTIFICATION FROM ESSENDANT; CONTINUES TO BELIEVE S.P. RICHARDS MERGER AGREEMENT WITH ESSENDANT REMAINS SUPERIOR.GENUINE PARTS CO - INTENDS TO ALLOW THREE-DAY MATCH PERIOD TO EXPIRE AND MERGER AGREEMENT TO TERMINATE.GENUINE PARTS CO - TERMINATION FEE TO BE PAID TO GPC.GENUINE PARTS CO - ESSENDANT WILL BE REQUIRED TO PAY A TERMINATION FEE TO GPC IN AMOUNT OF $12 MILLION.GENUINE PARTS SAYS ITS WILL NOT MAKE ANY COUNTERPROPOSALS.  Full Article

Essendant Board Determines Staples Offer Constitutes A "Superior Proposal" To S.P. Richards Transaction
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Essendant Inc ::ESSENDANT BOARD DETERMINES STAPLES OFFER CONSTITUTES A "SUPERIOR PROPOSAL" TO S.P. RICHARDS TRANSACTION.ESSENDANT INC - GPC HAS RIGHT TO PROPOSE AMENDMENTS TO TERMS OF S.P. RICHARDS MERGER AGREEMENT.ESSENDANT INC - DELIVERING NOTICE TO GPC THAT BOARD INTENDS TO TERMINATE S.P. RICHARDS MERGER TO ENTER INTO MERGER AGREEMENT WITH STAPLES..ESSENDANT - ESSENDANT BOARD HAS NOT CHANGED RECOMMENDATION WITH RESPECT TO S.P. RICHARDS DEAL, NOR HAS IT MADE RECOMMENDATION WITH RESPECT TO STAPLES PROPOSAL.ESSENDANT - DETERMINED THAT $12.80 PER SHARE PROPOSAL FROM STAPLES CONSTITUTES A "SUPERIOR PROPOSAL".  Full Article

Essendant Acknowledges Receipt Of Letter From Staples
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Essendant Inc ::ESSENDANT ACKNOWLEDGES RECEIPT OF LETTER FROM STAPLES.ESSENDANT - ACKNOWLEDGED RECEIPT OF LETTER FROM STAPLES, INCLUDING STAPLES' REITERATION OF ITS PROPOSAL TO ACQUIRE CO FOR $11.50 PER SHARE IN CASH.ESSENDANT - BOARD IN CONSULTATION WITH LEGAL, FINANCIAL ADVISORS IS REVIEWING LETTER, OTHER MATERIALS FILED BY STAPLES WITH SEC.ESSENDANT - BOARD HAS NOT CHANGED ITS RECOMMENDATION THAT CO'S SHAREHOLDERS VOTE IN FAVOR OF TRANSACTION WITH GENUINE PARTS COMPANY.  Full Article

Staples Says Delivered Letter To Essendant CEO And Board
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Essendant Inc ::STAPLES, INC SAYS ON JULY 31, STAPLES DELIVERED LETTER TO PRESIDENT AND CHIEF EXECUTIVE OFFICER AND BOARD OF DIRECTORS OF ESSENDANT - SEC FILING.STAPLES-REAFFIRMED INTEREST IN ENGAGING IN DISCUSSIONS WITH ESSENDANT'S BOARD REGARDING ITS PROPOSAL TO ACQUIRE ALL OF REMAINING COMMON STOCK OF ESSENDANT.STAPLES INC SAYS REAFFIRMS PROPOSAL TO ACQUIRE ESSENDANT FOR $11.50 PER SHARE IN CASH.STAPLES INC SAYS ITS PROPOSAL FOR ESSENDANT IS "SUPERIOR" TO TRANSACTION WITH GENUINE PARTS CO.STAPLES - WOULD AGREE TO FUND $12 MILLION BREAK-UP FEE SHOULD ESSENDANT BECOME OBLIGATED TO PAY THAT SUM TO GENUINE PARTS UPON TERMINATION OF EXISTING DEAL.STAPLES INC SAYS ITS PROPOSAL FOR ESSENDANT IS NOT SUBJECT TO FINANCING.STAPLES SAYS ITS PROPOSAL FOR ESSENDANT HAS "SIGNIFICANTLY" LOWER ANTITRUST COMPLETION RISK VERSUS GENUINE PARTS DEAL.  Full Article

Genuine Parts Co Q2 Earnings Per Share $1.54
Thursday, 19 Jul 2018 

July 19 (Reuters) - Genuine Parts Co ::MPANY REPORTS RECORD SALES AND EARNINGS FOR THE SECOND QUARTER ENDED JUNE 30, 2018.Q2 EARNINGS PER SHARE $1.54.Q2 SALES $4.8 BILLION VERSUS I/B/E/S VIEW $4.68 BILLION.Q2 EARNINGS PER SHARE VIEW $1.58 -- THOMSON REUTERS I/B/E/S.Q2 ADJUSTED EARNINGS PER SHARE $1.59 EXCLUDING ITEMS.SEES FY 2018 SALES UP 13 TO 14 PERCENT.RAISES 2018 SALES EXPECTATIONS AND REITERATES EPS OUTLOOK.FY2018 EARNINGS PER SHARE VIEW $5.64, REVENUE VIEW $18.40 BILLION -- THOMSON REUTERS I/B/E/S.Q2 SALES FOR AUTOMOTIVE GROUP WERE UP 27.7%, INCLUDING A 2.1% COMPARABLE SALES INCREASE.QTRLY SALES FOR INDUSTRIAL GROUP WERE UP 8.7%, INCLUDING A 6.5% COMPARABLE SALES INCREASE.SEES 2018 DILUTED EARNINGS PER SHARE TO RANGE FROM $5.49 TO $5.64.  Full Article

Genuine Parts Comments On Merger Agreement With Essendant Following Staples' Proposal
Thursday, 17 May 2018 

May 16 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY COMMENTS ON DEFINITIVE MERGER AGREEMENT WITH ESSENDANT FOLLOWING STAPLES' CONDITIONAL, NON-BINDING PROPOSAL TO ACQUIRE ESSENDANT.GENUINE PARTS - "DO NOT BELIEVE STAPLES' CONDITIONAL, NON-BINDING PROPOSAL TO ACQUIRE ESSENDANT FOR $11.50 PER SHARE IN CASH TO BE A SUPERIOR PROPOSAL".  Full Article

EU mergers and takeovers (April 24)

BRUSSELS, April 24 The following are mergers under review by the European Commission and a brief guide to the EU merger process: