U.S. company to buy Quebec-based Uni-Select in deal valued at $2.8B
Under the agreement, LKQ will pay $48 per Uni-Select share in cash. Uni-Select shares closed at $40.28 on the Toronto Stock Exchange on Friday.
The transaction, which needs shareholder approval, also requires antitrust clearances in Canada, the U.S. and the U.K. and approval under the Investment Canada Act.In connection with the deal, LKQ says it will look to sell GSF Car Parts U.K., Uni-Select’s U.K. based mechanical parts distribution business.
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