LKQ Corp. LKQ announced Monday an agreement to buy Canada-based automotive finish and industrial coatings products company Uni-Select Inc. CA:UNS in a deal valued at $2.1 billion . Under terms of the deal, Chicago-based LKQ will pay C$48.00 in cash for each Uni-Select share outstanding, which represents a 19.2% premium to Friday’s closing price of C$40.28.
1 billion . Under terms of the deal, Chicago-based LKQ will pay C$48.00 in cash for each Uni-Select share outstanding, which represents a 19.2% premium to Friday’s closing price of C$40.28. LKQ expects the deal to generate about $55 million in annual synergies by the third year after closing, which is expected to occur in the second half of 2023, and add to adjusted earnings per share in the first year. LKQ plans to fund the deal through cash on hand and new debt.