BANGALORE (Thomson Financial) - Standard & Poor's Ratings Services said its
ratings on CSK Auto Inc., including the 'B-' corporate credit rating, remain on
positive watch, following a agreement under which O'Reilly Automotive Inc. will
acquire the parent company CSK Auto Corp. for about $1 billion, including the
assumption of about $500 million in debt.
Completion of the transaction will result in the third-largest auto parts
retailer in the United States, the rating agency said.
TFN.newsdesk@thomson.com
bsu/ans
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