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Advance Auto Parts, Inc. (NYSE:AAP) Acquires GPI, Wins Moody’s Baa3 Rating

Boston, MA 10/18/2013 (wallstreetpr) – Delware-based Advance Auto Parts, Inc. (NYSE:AAP), will shortly acquire competitor General Parts International (GPI) for $2.04 billion.  The announcement has not only led to 17% surge in share prices but also an ‘unsecured’ Baa3 senior rating by Moody’s Investor Services.  According to Moody’s Investor Service Vice President Charlie OShea, “Advance’s acquisition […]

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