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Article: Advance Auto Parts Reports Freeman Spogli & Co. Completes Sale of 2.0 Million Shares Through Rule 144.
- Article from:
- PR Newswire
- Article date:
- June 4, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Advance Auto Parts, Inc. announced today that FS Equity Partners IV, L.P., an investment fund controlled by Freeman Spogli & Co. LLC, has filed a Form 144 Notice of Proposed Sale of Securities for up to 2.0 million shares of Advance Auto Parts, Inc. common stock which it has sold in a transaction completed after the close of business on June 3, 2003. Freeman Spogli continues to own over six million shares of Advance Auto Parts common stock.
"Freeman Spogli is a strong partner of Advance Auto Parts and continues to be our largest shareholder, owning over 16% of the company," remarked Larry Castellani, Chairman and Chief Executive Officer of Advance Auto Parts.