Chicago-based LKQ is offering $48 a share in cash for Uni-Select, a 20.7% premium to the company’s share price over the last 20 trading days
for about $2.6-billion in a bid to bolster its aftermarket parts business as demand grows for vehicle repairs and services.
The deal has an equity value of about $2.6-billion on the basis of a fully diluted share count that assumes conversion of debentures and management equity, a Uni-Select spokesman said. Including debt assumed by LKQ, it’s a $2.8-billion transaction.
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