Valuewalk.com
0
All posts from Valuewalk.com
Valuewalk.com in Valuewalk.com,

Starboard Value Letter to Advance Auto Parts

Advance Auto Parts, Inc.
5008 Airport Road
Roanoke, VA 24012
Attn: Darren R. Jackson, Chief Executive Officer

cc: Board of Directors

Dear Darren,

Thank you for taking the time to meet with us earlier this month. Our discussion was helpful for us in gaining a better understanding of Advance Auto Parts, Inc. ("Advance", or the "Company"), its challenges, and its opportunities. As you know, we have conducted extensive research on Advance and the aftermarket auto parts industry. We believe that the current market price of Advance does not fully reflect the value of its businesses and that opportunities exist within the control of management and the board of directors of the Company (the "Board") to create substantial value for all shareholders. We look forward to continuing our discussions with you regarding these opportunities.

Starboard Value LP, together with its...


More