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Alex Carver is a writer and researcher based in Charlotte, N.C. A contributor to major news websites such as Automoblog and USA Today, she’s written content in sectors such as insurance ...

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Advance Auto Parts AAP4.94%increase; green up pointing triangle has agreed to sell its Worldpac subsidiary to Carlyle CG 3.30%increase; green up pointing triangle Group for $1.5 billion in cash.

(Bloomberg) -- Carlyle Group Inc. is acquiring Advance Auto Parts Inc.’s Worldpac unit for $1.5 billion, striking the first major industrial investment for the firm in more than two years.