FTC Lifts Waiting Period on O’Reilly, CSK Merger

Springfield, Mo. The Federal Trade Commission has granted an early termination of the required waiting period for O’Reilly Automotive’s proposed acquisition of CSK Auto.

Under an agreement announced on April 1, the acquisition will entitle CSK shareholders to $11 of O’Reilly common stock, and $1 cash for every share of CSK stock they currently hold. The acquisition is expected to be complete this summer.