CDK Global, Inc. (NasdaqGS:CDK) will look for acquisitions. Brian Krzanich, Chief Executive Officer said, “As you are aware, we successfully closed the $1.45 billion sale of our International business during the third quarter, and I'm pleased with the recognition of the value we received, which equated to a 15x multiple. The finance team has done a great job at putting the proceeds of the sale to work for our shareholders. We've taken our debt down by $1.1 billion and have lowered our leverage ratio and interest expenses. We are reserving some of the cash for potential investment opportunities, which could include acquisitions or other strategic activities. We're planning on returning capital to our shareholders in the form of stock purchases. And Eric will provide more details about this in his remarks”.