Done Deal: LKQ completes acquisition of Uni-Select

Boucherville, Quebec — LKQ Corporation has completed its acquisition of Uni-Select, the company announced Tuesday morning. Consideration for the purchased shares of Uni-Select has been remitted as depositary as part of the deal, and will be paid to former shareholders “as soon as reasonably practicable after the date hereof,” wrote LKQ in a press release. […]

Finish Line in Sight: Uni-Select achieves Investment Canada Act approval in LKQ acquisition process

Toronto, Ontario — Uni-Select announced Thursday its receipt of approval under the Investment Canada Act, moving the company one step closer to closing its acquisition deal with LKQ and its numbered company. “The above-mentioned approval satisfies the closing condition regarding the Investment Canada Act set forth in the arrangement agreement between Uni-Select, LKQ Corporation and […]

Clear Consensus: Uni-Select approves plan of arrangement with LKQ

Boucherville, Quebec — Uni-Select shareholders announced that they have approved their company’s plan of arrangement with LKQ and its subsidiary, securing a near-unanimous agreement at Thursday’s special meeting. The arrangement resolution was approved by 98.87 percent of the votes cast by shareholders present virtually or represented by proxy and entitled to vote at the meeting, […]

Tuesday Ticker: Toyota remains world’s top-selling automaker; EV stocks rally and drop

Toronto, Ontario ⁠— Toyota remains the top-selling automaker globally, but not in Canada; Lucid and other EV stocks see a short-lived increase and Uni-Select prepares to unveil its Q4 2022 results in this weekly Tuesday Ticker. Toyota on top Toyota sold more than 10.5 million vehicles in 2022, retaining its spot as the world’s top-selling […]

A Match for Maslack: Uni-Select enters definitive agreement to acquire Maslack Supply

Boucherville, Quebec — Quebec-based automotive giants Uni-Select announced on Monday that it has solidified plans to acquire Maslack Supply Limited, furthering the company’s expansion into Ontario. Over its 63 years in business, Maslack has grown from a small family-owned and operated auto parts supply company, to include 13 locations across Northern Ontario and more than […]