Wolfe Research analyst Spencer Hanus suggests O'Reilly Automotive (ORLY) is likely acquiring Genuine Parts' (GPC) auto-parts division, valued at over $10 billion. Evidence includes ORLY's corporate jet visiting GPC's Atlanta headquarters and Birmingham, Alabama, following a Bloomberg report of a cash bid. Additional indicators include moving O'Reilly's investor day to Atlanta in September. A deal announcement could occur by late summer.
Flight tracking shows O'Reilly/Genuine Parts transaction more likely - analyst
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