LKQ Initiates Strategic Review to Maximize Shareholder Value

Core Viewpoint - LKQ Corporation has initiated a comprehensive review of strategic alternatives to enhance shareholder value, which may include a potential sale of the Company [1][2]. Group 1: Strategic Review - The Board of Directors is working with advisors to evaluate the Company's strategic alternatives, aiming to identify the best path forward to unlock value not reflected in the current valuation [2]. - There is no set deadline for the completion of this strategic review, and there is no assurance that it will result in any transaction or strategic outcome [3]. Group 2: Company Operations - LKQ Corporation is a leading provider of alternative and specialty parts for repairing and accessorizing automobiles and other vehicles, with operations in North America, Europe, and Taiwan [4]. - The Company offers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services for various types of vehicles [4]. Group 3: Advisory Engagement - LKQ has engaged BofA Securities as its financial advisor and Wachtell, Lipton, Rosen & Katz as its legal counsel for the strategic review process [3].