According to the US "Economic Weekly" report, US Auto Parts Network Inc. completed the acquisition of Whitney Auto on the 18th.
The acquisition ended with $27.5 million plus $110,000 in debt. American auto parts company claims: After the acquisition, Whitney Auto and Parts Company expects revenue in 2011 to reach $110 million to $120 million. American auto parts company announced for the first time on August 2 that it plans to acquire Whitney, and the acquisition will expand its market coverage, including all-terrain vehicles, recreational vehicles and motorcycles.
Affected by the acquisition, the US auto parts company shares rose 12 cents on the 18th to close at 8.25 US dollars.
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