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FinishMaster Shareholders Approve Merger with Uni-Select

^{Published on 2011-01-06 16:20:41 - Market Wire}
 

INDIANAPOLIS--([ BUSINESS WIRE ])--FinishMaster, Inc. (Pink Sheets: FMST) announced today its shareholders approved the Companya™s merger with a subsidiary of Uni-Select, Inc. (TSX: UNS), a leader in the distribution of automotive replacement parts, equipment, tools and accessories. As a result of the merger, the Company will become a subsidiary of Uni-Select, Inc.

The Company held a special shareholdera™s meeting on January 5,2011, to consider the merger at which time the shareholders in attendance approved the merger.

The transaction is expected to close on or about January 11, 2011, at which time shareholders of FinishMaster will receive $21.00 in cash per share, without interest.

FinishMaster will remain a distinct entity within Uni-Select serving the collision repair market. Its headquarters will remain in Indianapolis, Indiana.

About FinishMaster
Founded in 1968, FinishMaster is the largest U.S. independent distributor of automotive paints, coatings and related accessories to the automotive collision repair industry. The Company is headquartered in Indianapolis, Indiana, and operates three major distribution centers and 162 branches in 39 of the 50 largest metropolitan areas in the country. For more information on FinishMaster, visit the companya™s website at [ http://www.finishmaster.com/ ].

About Uni-Select
Founded in 1968, Uni-Select^TM is a Canadian leader in the distribution of automotive replacement parts, equipment, tools and accessories. Uni-Select USA, Inc., a subsidiary of the Company, provides services to customers in the United States, where it is the sixth largest distributor. The Uni-Select Network^TM includes over 2,500 independent jobbers and services 3,500 points of sale in North America. Uni-Select is headquartered in Montreal. Uni-Select shares (UNS) are traded on the Toronto Stock Exchange (TSX). Uni-Select and Uni-Select Network are trademarks owned by Uni-Select, Inc. For more information on Uni-Select, visit the companya™s website at [ http://www.uniselect.com/eng/ ].

Forward-Looking Statements
All statements other than statements of historical fact included in this news release are forward-looking statements made in good faith by the company and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements are based on managementa™s beliefs, as well as assumptions made by and information currently available to management and include such words as abelieve,a aanticipate,a aendeavor,a aestimate,a aexpect,a aobjective,a aprojection,a aforecast,a agoal,a alikely,a and similar expressions intended to identify forward-looking statements. FinishMaster cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond FinishMastera™s ability to control or estimate precisely and actual results could differ materially from those contained in this document. You should not place undue reliance on these forward-looking statements. All of these forward-looking statements are based on our expectations as of the date of this news release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.