OReilly Automotive bear hugs CSK Auto

• Offers $8.00 per CSK share

• $355mm equity value
• $845mm enterprise value

• DBD makes ATMs and electronic security products
• CSK and ORLY are both specialty retailers of automotive aftermarket parts, tools, and supplies
• CSK news - stock chart
• ORLY news - stock chart

Announced 2.01.08

• ORLY press release

• Includes bear hug letter
• CSK press release

Developments

• CSK adopts poison pill rights plan  2.04.08

• See box immediately below

• CSK adopts change-in-control arrangements  3.06.08
• Standstill agreement announced  2.07.08 

• Form 12b-25  3.03.08 
• NYSE delisting notice  3.21.08 

• CSK shareholders to receive $11 of ORLY stock plus $1 cash for each CSK share

• Press release  4.01.08
• Form 8-K

Announced 2.04.08

• CSK press release

• Form 8-K

Rights plan documents

• Rights agreement
• Form 8-A

Financial

• CSK:  JP Morgan
• ORLY: Lehman

Legal

• CSK: Gibson Dunn
• ORLY: Skadden Arps

General

• Edgar filing

Bear Hug Offers