Uni-Select obtains antitrust clearance of arrangement in Canada and the U.S.

BOUCHERVILLE — Uni-Select Inc. announces that the required waiting period has expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced plan of arrangement under the provisions of the Québec Business Corporations Act involving Uni-Select, LKQ Corporation and 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ Corporation. In addition, Uni-Select also announces that the Canadian Competition Bureau has issued a no-action letter under the Competition Act (Canada) indicating that it does not intend to challenge the arrangement at this time.

The above-mentioned clearances satisfy the closing conditions regarding the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the Competition Act (Canada) set forth in the arrangement agreement between Uni-Select, LKQ Corporation and 9485-4692 Québec Inc. The arrangement remains subject to certain closing conditions, including the receipt of other applicable regulatory approvals, consisting of approval under the Investment Canada Act and clearance by the U.K. Competition and Markets Authority. If the necessary approvals are obtained and the other conditions to closing are satisfied or waived, it is anticipated that the arrangement will be completed in the second half of 2023.

With over 5,200 employees in Canada, the U.S. and the U.K., Uni-Select is a distributor of automotive refinish and industrial coatings and related products in North America, and involved in the automotive aftermarket parts business in Canada and in the U.K.