Posted in | News | Coatings and Thin Films | Business | Automotive Materials

Uni-Select to Acquire FinishMaster for US $217 Million

Editorial Checklist Reviewed
Dec 14 2010

Related Stories

Uni-Select Inc. (UNS) ("Uni-Select") (TSX:UNS) announced today that it has entered into agreements with FinishMaster, Inc. ("FinishMaster") through which Uni-Select will acquire FinishMaster, the largest independent distributor of automotive paints, coatings and related accessories ("PBE") in the U.S.

The agreement is based on a purchase price of approximately US$217.0 million ($219.0 million), including the assumption of approximately US$45 million of net debt. Each FinishMaster share issued and outstanding will be entitled to receive US$21.00, representing a premium of approximately 32% to the 30-day trailing average share price of FinishMaster on the OTC Market Pink Sheets (the "Transaction"). FinishMaster's Board has approved the Transaction and FinishMaster's 74.5% shareholder has entered into a voting agreement in support of the Transaction.

Source:

http://www.uniselect.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback