O'Reilly Automotive Proposes to Acquire CSK Auto

Springfield, Mo. O’Reilly Automotive is proposing to acquire all of the outstanding shares of CSK Auto Corp. common stock for $8.00 per share in cash.

The total transaction is valued at approximately $845 million, including the assumption of approximately $490 million of CSK debt.

The acquisition is expected to be accretive to O’Reilly’s earnings in the first full year after completion of the acquisition excluding one time transaction costs.