LKQ acquires Uni-Select for CAD $48.00 per share cash; $2.1B bridge loan committed

LKQ CORP

Purchase price of CAD $48.00 per share in cash for all issued shares of Uni-Select.
BK of $75M termination fee payable by either party under certain conditions.
Financing committed via $2.1B 364-day bridge loan from Bank of America and Wells Fargo.
Voting agreements cover approx. 20% of Uni-Select shares in favor of the deal.
Closing subject to shareholder and regulatory approvals, including HSR, Canadian Competition Act, and UK CMA.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LKQ CORP entered into Arrangement Agreement with Uni-Select Inc. and 9485-4692 Québec Inc. valued at CAD $48.00 (effective 2023-02-26).

Action: entry
Agreement: merger
Counterparty: Uni-Select Inc. and 9485-4692 Québec Inc.
Value: CAD $48.00
Effective: 2023-02-26

Exact text from the filing

On February 26, 2023, LKQ Corporation, a Delaware corporation (“ LKQ ”), Uni-Select Inc., a corporation existing under the Business Corporations Act (Québec) (“ Uni-Select ”), and 9485-4692 Québec Inc., a corporation existing under the Business Corporations Act (Québec) and a wholly owned subsidiary of LKQ (the “ Purchaser ”), entered into an Arrangement Agreement (the “ Arrangement Agreement ”), pursuant to which, among other things, the Purchaser has agreed to acquire all of the issued and outstanding common shares of Uni-Select (the “ Arrangement ”).

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LKQ CORP filing history →

Source: SEC EDGAR

accession 0001065696-23-000013

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