GPC Genuine Parts Co

156.73

-0.48 (-0.31%)

Last Updated: 15:59:37

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Genuine Parts Co	NYSE:GPC	NYSE	Common Stock

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.48	-0.31%	156.73	159.15	156.51	156.87	121,471	15:59:37

UPDATE -- Pzena Investment Management Opposes Staples’s Acquisition of Essendant

13/09/2018 9:16pm

GlobeNewswire Inc.

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As Essendant’s (NASDAQ: ESND) largest shareholder, Pzena Investment Management believes that the proposal from Staples to acquire Essendant at $12.80 a share does not constitute a superior offer to the proposed merger with SP Richards, a subsidiary of Genuine Parts Company (NYSE: GPC), nor does the offer of $12.80 adequately value the company independent of the SP Richards transaction. For that reason, Pzena Investment Management does not intend to support the Staples proposal as it currently stands if and when it is presented to shareholders.

About PzenaPzena Investment Management, LLC is a value-oriented investment management firm. Founded in 1995, Pzena Investment Management has built a diverse, global client base. More firm and stock information is posted at www.pzena.com.

Contact: Gary Bachman, 212-355-1600 or bachman@pzena.com.