- Caisse de depot et placement du Quebec, one of Uni-Select's ( OTCPK:UNIEF ) biggest holders, plans to evaluate the proposed said to LKQ Corp. ( NASDAQ: LKQ ).
- CDPQ said in a statement emailed to Bloomberg News that the rationale for the deal wasn't entirely clear. CDPQ owned 4.2 million Uni-Select shares as of Dec. 31.
- Birch Hill Equity Partners and EdgePont Investment Group, who collectively represent approximately 20% of Uni-Select’s outstanding shares, agreed to vote their shares in favor of the deal, according to the deal announcement on Monday.
- LKQ ( LKQ ) agreed to acquire Uni-Select’s shares for C$48.00 per share in cash, representing a total enterprise value of ~C$2.8B (or $2.1B) on Monday.
For further details see:
CDPQ to review Uni-Select offer as rationale for sale to LKQ is unclear - report