Activist hedge fund Ananym Capital is agitating for LKQ to exit its European business in an effort to focus more particularly on its North America operations, Reuters’ Svea Herbst-Bayliss reports, citing two people familiar with the matter. The investor has been holding talks with LKQ in recent months and ramped up efforts to urge for a separation or sale of the European unit after disappointing Q2 results, the author notes.
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