Advance Auto Parts (AAP) said Monday it has completed the previously announced $1.5 billion sale of Worldpac, its automotive parts wholesale distribution business, to Carlyle Group (CG).
Net proceeds from the sale are expected to be roughly $1.2 billion, the company added.
Shares of Advance Auto Parts rose nearly 6% in recent trading, while Carlyle was marginally higher.
Price: 38.40, Change: +2.15, Percent Change: +5.93
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