Cooper Standard looking for a buyer -- sources

Newswire

NEW YORK, Aug 31 (Reuters) - U.S. auto parts supplier Cooper Standard Holdings Inc is looking for a buyer more than a year after emerging from bankruptcy and has hired bankers to advise on the process, people familiar with the matter said. Cooper Standard, which came out of bankruptcy in May of 2010 under the control of a handful of hedge funds, including Silver Point Capital and Oak Hill Advisors, has an enterprise value of more than $1.1 billion, according to Reuters data. The Novi, ...

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