Advance Auto Parts (AAP +1.8%) ratchets higher with takeover rumors flying around again over the...

|About: Advance Auto Parts, Inc. (AAP)|By:, SA News Editor

Advance 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.