The U.K.'s Competition and Markets Authority

 

The U.K.'s Competition and Markets Authority is probing American auto parts supplier LKQ Corp's $2.1B agreement to acquire automotive paint specialist Uni-Select.  The regulator expects a preliminary decision by Aug. 10. Uni-Select has over 1,000 corporate customers and supplies over 16,000 auto repair shops in Canada. LKQ focuses on recycled and aftermarket parts and replacement systems.  The acquisition would be funded via a combination of cash, debt, and bridge financing from Bank of America and Wells Fargo.