LKQ acquires Keystone: the deal seems to good! (for LKQ) (07/18/07)
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As you saw yesterday, LKQ Corp announced it was acquiring Keystone. 

Let me jump to the bottom line: I think the deal is good.  Too good!      

I think Keystone shareholders deserve more.  And therefore Keystone's shareholders should ask for a higher price.   

Let me begin with an obvious sign. . .

A sign: the acquirer went up more than the company being acquired

Usually when an acquisition is announced, the stock price of the company being acquired goes up, while the stock price of the company doing the acquiring goes down. 

The reason why this tends to happen is because investors usually worry that the ...

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Related Companies: Keystone Auto Parts
LKQ Corp.

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