Genuine Parts (GPC +1.7%) says it entered into a definitive agreement to complete the...

|About: Genuine Parts Company (GPC)|By:, SA News Editor

Genuine Parts (GPC +1.7%) says it entered into a definitive agreement to complete the acquisition of Exego Group for a total purchase price of $800 including the assumption of new debt. The company expects to use cash and borrowings to finance the deal.