CSK Auto Enters Into Standstill Agreement with O'Reilly Automotive
February 07 2008 - 7:45AM
Business Wire
CSK Auto Corporation (NYSE:CAO) today announced that it has entered
in a Standstill Agreement with O'Reilly Automotive, Inc.
(Nasdaq:ORLY) to share non-public information relating to CSK
Auto�s business as a part of the CSK Board of Directors' ongoing
review of strategic alternatives. �Our Board is currently exploring
alternatives for preserving and maximizing stockholder value and,
in connection with this effort, more than 20 parties have been
granted access to non-public information related to CSK�s
business,� said Larry Mondry, CSK Auto�s President and Chief
Executive Officer. �We are pleased that we have been able to reach
an agreement with O�Reilly that will enable them to participate in
our process.� About CSK CSK Auto Corporation is the parent company
of CSK Auto, Inc., a specialty retailer in the automotive
aftermarket. As of January 6, 2008, the Company operated 1,349
stores in 22 states under the brand names Checker Auto Parts,
Schuck's Auto Supply, Kragen Auto Parts, and Murray's Discount Auto
Stores.
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