INDIANAPOLIS — FinishMaster announced its shareholders approved the company's merger with a subsidiary of Uni-Select, 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.

The company held a special shareholder’s meeting on Jan. 5, 2011, to consider the merger, at which time the shareholders in attendance approved it.

The transaction is expected to close on or about Jan. 11, 2011, at which time shareholders of FinishMaster will receive $21 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, Ind.