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LKQ Corporation agrees in principle to acquire five Netherlands-Based Distributors


Tuesday, 15 Apr 2014 11:30am EDT 

LKQ Corporation:Signs letters of intent to acquire five Netherlands companies, all of which are customers of and serve as distributors for LKQ's Netherlands subsidiary, Sator Holding B.V.Companies are Rijsbergen Holding B.V., Pala Holding, B.V., Primaparts Automaterialen B.V., BOAC Automotive B.V. and VEAM B.V.LKQ is targeting completion of transactions in second or third quarter.Transactions are subject to, among other conditions, negotiation by parties of definitive agreements and authorization under the Dutch merger control procedure.There are no assurances that definitive terms will be reached, that Dutch merger control authorization will be obtained or that all or any of these transactions will otherwise be completed. 

Company Quote

25.35
-0.36 -1.40%
25 Jul 2014