The Daily Chase: Markets point to a positive open; Berkshire Hathaway reports profit drop

U.S. futures are pointing to a positive start to the trading week once North American markets open this morning.

LKQ TO BUY QUEBEC-BASED UNI-SELECT IN $2.1B CASH DEAL

Auto parts provider LKQ Corp is buying Quebec-based Uni-Select in an all cash deal valued at about $2.1 billion. Uni-Select’s shareholders will get $48 per share in cash, a 19 per cent premium on Friday’s closing price. The Canadian company has over 5000 employees in the Canada, the U.S. and the U.K.

BERKSHIRE HATHAWAY’S GIANT CASH HOARD SWELLS TO NEARLY U.S.$130B