Uni-Select Inc. (TSE:UNS) announced the receipt of the required approval under the Investment Canada Act in connection with its acquisition by LKQ Corporation (NASDAQ:LKQ). The previously announced plan under the provisions of the Québec Business Corporations Act involves Uni-Select, LKQ Corporation and 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ Corporation.
In February, LKQ and Uni-Select, the parent of FinishMaster, announced that they have entered into a definitive agreement for LKQ to acquire all of Uni-Select’s issued and outstanding shares for CA$48.00 ($35.41) per share in cash, representing a total enterprise value of approximately CA$2.8 billion ($2.1 billion).
In May,
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