By Svea Herbst-Bayliss
NEW YORK (Reuters) -Auto parts supplier LKQ is planning to sell Keystone Automotive Industries, its specialty parts division, three people familiar with the matter told Reuters, as the company faces pressure from investors to sell some assets to maximize shareholder value.
The division could be worth roughly $1 billion, according to LKQ’s internal valuations, analysts at Raymond James have previously said.
THE DETAILS
THE BACKGROUND
(Reporting by Svea Herbst-Bayliss. Editing by Dawn Kopecki and Rod Nickel)
