Brookfield completed the acquisition of CDK Global, an automotive retail technology company, for $8.3bn. "This transaction is an exciting next step for CDK that provides our shareholders with both certainty of value and a meaningful premium. It also allows CDK to continue executing our long-term strategy to connect our industry at every level and create an open and collaborative future. In consultation with our outside advisors, CDK’s Board of Directors carefully evaluated a range of strategic and financial alternatives over several months and determined that this transaction is superior to all other available alternatives," Brian Krzanich, CDK Global President and CEO.