Advance Auto Parts (NYSE:AAP) has entered into a definitive agreement to acquire General Parts International, a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands, in an all-cash transaction with an enterprise value of $2.04 billion. The transaction has been approved by the boards of directors of both companies. Shares of AAP are higher by more than 16.7%.
Move (NASDAQ:MOVE) announced the acquisition of FiveStreet, which provides a lead consolidation and response tool for agents, agent-teams and brokerages. FiveStreet joins Move's expanding platform of professional solutions, helping REALTORS connect with consumers and deliver exceptional customer experiences. MOVE shares are higher by 2%.
And TeamHealth Holdings (NYSE:TMH) announced the acquisition of the operations of Marshall Physician Services, LLC, operating as MESA Medical Group. Based in Lexington, KY, MESA manages and staffs emergency medicine and hospital medicine programs for 24 facilities in Kentucky, Indiana, Ohio and West Virginia.
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