LKQ CORPORATION (NASDAQ:LKQ) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement.
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Share Sale and Purchase Agreement (the Agreement) to acquire
26.5% of the issued share capital of Mekonomen AB from AxMeko AB,
an affiliate of Axel Johnson AB, for an aggregate purchase price
of approximately $180 million. The transaction is expected to
close on December 2, 2016. The foregoing description of the
Agreement is qualified in its entirety by reference to the
complete text of the Agreement, which will be filed as an exhibit
to LKQ’s annual report on Form 10-K for the year ending December
31, 2016.
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Item 8.01
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Other Events.
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execution of the Agreement. A copy of the press release is attached
hereto as Exhibit 99.1 and incorporated by reference herein.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit
Number
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Description of Exhibit
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99.1
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Press release dated November 28, 2016.
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About LKQ CORPORATION (NASDAQ:LKQ)
LKQ Corporation (LKQ) is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products. It operates through four segments: Wholesale – North America; Europe; Specialty, and Self Service. Its wholesale automobile product operations sell five product types (aftermarket, recycled, remanufactured, refurbished and original equipment manufacturers (OEMs) parts). The European wholesale operating segment includes Euro Car Parts Holdings Limited (ECP). The Specialty operating segment includes Keystone Automotive Holdings, Inc. (Keystone Specialty). The Company’s self service segment retail operations sell parts from older cars and light-duty trucks directly to consumers. LKQ CORPORATION (NASDAQ:LKQ) Recent Trading Information
LKQ CORPORATION (NASDAQ:LKQ) closed its last trading session down -0.22 at 32.61 with 1,653,448 shares trading hands.