Genuine Parts Is Said to Weigh a Breakup of the Company (1)

Genuine Parts Co., an industrials company that recently settled with activist investor Elliott Investment Management, is considering a breakup, people familiar with the matter said.

The Atlanta-based company is weighing separating its industrial parts business from its auto parts unit, according to the people. It is evaluating a range of options for the auto parts business, including a spinoff, they said.

Deliberations are at an early stage and Genuine Parts may decide to keep its current structure, the people said, asking not to be identified discussing confidential information.

Genuine Parts fell 0.4% to $137.33 in New York trading ...