Automotive and industrial parts distributor Genuine Parts will separate into two independent companies, it said on Tuesday, months after a deal with activist investor Elliott Investment Management.

The split is the culmination of a review the Atlanta-based company has been undergoing with financial advisers. The Wall Street Journal reported earlier Tuesday that the deal announcement was imminent ...

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(Reuters) -Genuine Parts Co on Tuesday cut its full-year profit forecast on higher restructuring costs and weak demand for auto parts. The company, which missed its third-quarter profit estimate, also ...

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