On September 18, 2018, Uni-Select (TSX: UNS) announced the formation of a special committee of independent members of the Board of Directors to oversee a review of strategic alternatives. The special committee has a mandate to work with the Board of Directors and Management to identify, review, analyze and evaluate strategic alternatives.
Uni-Select has not set a definitive schedule to complete the review of strategic alternatives. Given the nature of the process, the Corporation does not intend to provide updates until such time as the Board of Directors approves a definitive transaction or strategic alternative, or otherwise determines that further disclosure is appropriate.
Headquartered in Boucherville, Québec, Canada, Uni-Select is a leader in the distribution of automotive refinish and industrial paint and related products in North America, as well as a leader in the automotive aftermarket parts business in Canada and in the UK.
Fasken advised the Board of Directors and the special committee in connection with this process with a team led by Robert Paré that included Neil Kravitz and Mariève Barcelo Després
