Keystone shareholder says to vote against LKQ merger

Aug 20 (Reuters) - Keystone Automotive Industries Inc KEYS.O disclosed in a regulatory filling that its shareholder, Rockhampton Management UK LLP, will vote against LKQ Corp's (LKQX.O) proposed takeover of the car-parts maker.

The price of $48 per share offered to Keystone shareholders in the proposed acquisition significantly undervalues Keystone, Rockhampton said in a letter to the company. (Reporting by Supantha Mukherjee in Bangalore)