Genuine Parts to buy out Exego Group

03/12/2013 | Fox Business

Genuine Parts, a part owner of Exego Group, said it will acquire the remaining 70% stake for $800 million. "The Exego team exceeded our expectations for meeting the growth and earnings thresholds outlined in our original agreement, thus, we were presented with the opportunity to move forward with our investment earlier than expected," said Tom Gallagher, chairman and CEO of Genuine Parts.

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