LKQ Corporation (NasdaqGS:LKQ) signed a definitive agreement to acquire STAHLGRUBER GmbH from Stahlgruber Otto Gruber AG on December 10, 2017. The enterprise value of the transaction is €1.5 billion. LKQ to finance the acquisition with the proceeds from planned debt offerings, borrowings under its existing revolving credit facility and the direct issuance to Stahlgruber's owner of 8.1 million newly issued shares of LKQ common stock. Approximately 6,600 Stahlgruber employees will be joining the LKQ family. The acquisition is subject to required regulatory approvals. As of March 9, 2018, the transaction has been notified to European Commission for approval. As of May 3, 2018, European Commission has partially referred the acquisition of Stahlgruber GmbH to the Czech competition authority, and cleared the proposed acquisition outside the Czech Republic. This will now be examined under the Czech Republic's national competition law. The acquisition is expected to complete late in the first quarter or early in the second quarter of 2018. LKQ expects the transaction to be accretive to its adjusted diluted earnings per share during the first year after the closing. Bank of America Merrill Lynch and Credit Suisse acted as financial advisors, Florian Kästle, Peter Wand, Andrea Ziegler, Friederike Kiechle, Valesca Molinari, Lenard Bock, Bjoern Bastian Boerger, Daniel Bork, Nicole Bassmann, Christian Horstkotte, Johannes Weichbrodt, Eugen Wingerter, Stephan Georg Behnes, Sonja Klein, Ariane Schaaf, Katharina Spenner, Johannes Teichmann, Antonia Rojahn, Hagen Köckeritz, Anna Verena Böhm, Silke Fritz, Holger Lutz, Tobias Born, Rembert Niebel, Andreas Jauch, Anahita Thoms and Janet Butler of Baker McKenzie (Germany) acted as legal advisors and K&L Gates (Chicago) acted as U.S. securities counsel to LKQ Corporation. Deutsche Bank acted as the exclusive financial advisor, Alyssa Caples and Yannick Adler of Cravath, Swaine & Moore LLP acted as legal advisors and Hans-Jörg Ziegenhain, Martin Ulbrich, Reinhold Ernst, Christian Möller, Oliver Rieckers, Christian Hoefs, Matthias Scheifele, Daniela Böning, Vera Jungkind, Thorsten Mäger, Andrea Schlaffge, Patrick Wilkening, Gunther Wagner, Christian Lutz, Christian Winkler, Tobias Schneiders, Florian A. Hassner, Robert Stiefelhagen, Hermann Dahlitz, Stefanie Budde, Vicki Treibmann, Yasmin Holm, Till Hiemenz-Müller, Thomas Ruthemeyer and Ralf Christian van Ermingen-Marbach of Hengeler Mueller acted as legal advisors to Stahlgruber Otto Gruber. Thomas Schirmer, Cordelia Klauhs and Michael Delitz of BINDER GRÖSSWANG Rechtsanwälte GmbH acted as legal advisor to Stahlgruber Otto Gruber AG. Vladimíra Glatzová and Marek Bednár of Glatzová & Co. acted as legal advisor to Stahlgruber Otto Gruber AG. Axel Kroniger, Nicola Selack, Egon Sachsalber, Christoph Pfeiffer and Alexander Baum of Deloitte acted as financial advisors to Stahlgruber Otto Gruber AG. Michael Übelacker acted as in-house legal advisor to Stahlgruber Otto Gruber AG. Cleary Gottlieb acted as legal advisor to BofA Merrill Lynch and Credit Suisse.