LKQ Corp. (LKQ) Thursday said it reached an agreement to acquire Coast Distribution Systems, a distributor of replacement parts, supplies and accessories for recreational vehicles, for $5.50 per share in cash or approximately $29 million. The combination would result in distribution and logistics synergies
As per the agreement, a subsidiary of LKQ will commence a tender offer to acquire all outstanding shares of Coast's common stock. The tender offer will begin in 10 business days and will remain open for at least 20 business days after launch.
Coast's Board of Directors unanimously recommended the offer. The acquisition is currently expected to close in the third quarter of 2015.
As of June 30, 2015 Coast had $19.5 million outstanding under its long-term revolving bank line of credit.
Robert W. Baird & Co. Incorporated and Duff & Phelps, LLC are acting as financial advisors to The Coast Distribution System.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.