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Advance Auto Parts (AAP +1.8%) ratchets higher with takeover rumors flying around again over the...
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Wednesday, December 12, 2012, 11:18 AM ETAdvance Auto Parts (AAP +1.8%) ratchets higher with takeover rumors flying around again over the automotive parts seller. Blackstone Group was hired last month to gauge interest with most analysts seeing a combined P-E bid as the most likely path to a successful bid. With the company only sitting on a reasonable $600M in long-term debt, a leveraged buyout is on the table.
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