(Reuters) - Shares of Chicago-based LKQ were up more than 13 percent at $28.75 in afternoon trade on the Nasdaq.
"Keystone is by far the biggest acquisition they have ever done, this will almost double the size of the combined company", William Armstrong, analyst with CL King and Associates, said by phone. The deal, which is expected to close early in the fourth quarter, will slightly add to earnings in 2008, LKQ said.
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"Keystone is by far the biggest acquisition they have ever done, this will almost double the size of the combined company", William Armstrong, analyst with CL King and Associates, said by phone. The deal, which is expected to close early in the fourth quarter, will slightly add to earnings in 2008, LKQ said.
Read more at Reuters.com Hot Stocks News
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