Auto sector M&A still on shaky ground

Oct 31, 2011 | 12:38 PM | Corinna Petry

Tags  mergers and acquisitions, automotive suppliers, Society of Automotive Analysts, Rajiv Jetli, Fred Hubacker, Chas Chandler, corinna petry

CHICAGO — As auto suppliers rev up profits and production, hedge fund and equity owners will want to monetize their holdings—but the deal market is still plagued by confusion, industry observers said during a Society of Automotive Analysts seminar.

The number of mergers and acquisitions (M&A) has declined in 2011 "but the dollar value has been up compared with last year," said Fred Hubacker, executive director of Conway Mackenzie Inc. in Detroit

The "automotive M&A world is a little confusing. First, Cooper Standard was up for sale and now it’s off the table. Those (signals) are probably a result of hedge funds trying to monetize their investment after they unwillingly became equity owners," Hubacker said.....

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