Auto industry seen remaining private-equity target

Newswire

By Jui Chakravorty DETROIT, June 21 (Reuters) - The North American auto industry will continue to attract interest from private equity firms looking to acquire all or part of the struggling companies, according to a study released by AlixPartners. The study released on Wednesday says private-equity firms are able to buy automotive companies at lower multiples of earnings, compared with companies in other industries. "It just stands to reason that the auto industry's below-average ...

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