LKQ To Explore Potential Sale Of Specialty Segment
LKQ Corporation is exploring the potential sale of its Specialty segment, which distributes automotive, RV, and marine parts in North America. The company has engaged Bank of America as a financial advisor and Wachtell, Lipton, Rosen & Katz as legal counsel. This move aligns with LKQ's strategy to simplify its portfolio and focus on core segments, following the successful sale of its Self-Service segment.
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LKQ Corporation (LKQ) has commenced a process to explore the potential sale of its Specialty segment. The Specialty segment is a distributor of automotive, RV and
marine parts and accessories in North America. LKQ has engaged Bank of America as financial advisor and Wachtell, Lipton, Rosen & Katz as legal counsel to assist with the process.
"This review aligns with our ongoing strategy to simplify our portfolio and concentrate on our core segments. We recently demonstrated our commitment to this strategy with the successful sale of our Self-Service segment," said Justin Jude, President and CEO.
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