Advance Auto Parts Acquires the Last Thing of Value Sears Owned
There wasn't much of anything left of value at Sears even before its bankruptcy, but of the assets it did still possess that retained monetary worth, the DieHard battery brand was arguably the most important.
However, Sears -- or Transformco, as it's officially known now -- sold DieHard to Advance Auto Parts (NYSE: AAP) for $200 million at the end of December, a seemingly deep-discount price that should help the auto parts retailer boost sales and expand into new markets.
Image source: Getty Images.
Source Fool.com
