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LKQ CORP M&A Activity 2016

Dec 1, 2016

30750_rns_2016-12-01_3d313892-02f7-494e-af39-64fe279c03ca.zip

M&A Activity

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8-K 1 lkq8-k.htm 8-K html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd" Document created using Wdesk 1 Copyright 2016 Workiva Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


FORM 8-K


Current Report

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 27, 2016


LKQ CORPORATION

(Exact name of registrant as specified in its charter)


Delaware 000-50404 36-4215970
(State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification No.)
500 West Madison Street, Suite 2800 Chicago, IL 60661
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (312) 621-1950

N/A

(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement.

On November 27, 2016, LKQ Corporation ("LKQ") entered into a 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.

Item 8.01 Other Events.

On November 28, 2016, LKQ issued a press release announcing the execution of the Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description of Exhibit
99.1 Press release dated November 28, 2016.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: December 1, 2016

LKQ CORPORATION
By: /s/ VICTOR M. CASINI
Victor M. Casini
Senior Vice President and General Counsel