---
schema_version: "secwatch.filing_event.v1"
accession: "0001065696-23-000013"
form_type: "8-K"
ticker: "LKQ"
cik: "0001065696"
company_name: "LKQ CORP"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T20:48:22.591755+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001065696-23-000013
- form_type: 8-K
- ticker: LKQ
- cik: 0001065696
- company_name: LKQ CORP
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000013/0001065696-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000013/lkq-20230226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065696-23-000013
- JSON: https://secwatch.observer/filing/0001065696-23-000013.json
- Plain text: https://secwatch.observer/filing/0001065696-23-000013.txt

## Key facts
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000013/0001065696-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.