Auto parts firm LKQ to buy Uni-Select for $2.06 bln (updated)

Uni-Select

27/02/2023 11:18

(Adds details from the press statement)
       Feb 27 (Reuters) - Auto parts provider LKQ Corp  LKQ.O 
said on Monday it would buy Uni-Select Inc  UNS.TO  in an
all-cash deal with an enterprise value of about C$2.8 billion
($2.06 billion), as it looks to expand and drive growth.
    Uni-Select's shareholders will get C$48 per share in cash.
The Boucherville, Québec-based company distributes automotive
refinish and industrial coatings and related products in North
America.
    LKQ intends to fund the transaction through a combination of
cash on hand and new debt.

 (Reporting by Aishwarya Nair in Bengaluru; Editing by Dhanya
Ann Thoppil and Savio D'Souza)
 ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs
 ;))