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Stock impact report

Genuine Parts considers separating units, Bloomberg News reports [Yahoo! Finance Canada]

Genuine Parts Company (GPC) 
Last genuine parts company earnings: 2/19 08:40 am Check Earnings Report
US:NYSE Investor Relations: genuineparts.investorroom.com
The company is evaluating a potential spin-off of its auto segment, the report said. Discussions are still in early stages and the company may retain its existing structure, it added. Earlier this month, Reuters reported Genuine Parts reached a settlement with its largest active shareholder, Elliott Investment Management, to add two new directors to its board. In July, the company cut its annual profit forecast, hurt by climbing operational expenses amid rising inflationary pressures and uncertainty from a shifting tariff policy. (Reporting by Aishwarya Jain in Bengaluru; Editing by Krishna Chandra Eluri) Show less Read more
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