DEALTALK-Auto supplier deals drop amid skittish recovery

Newswire

* Suppliers working on balance sheets, cautious on deals * OEMs want suppliers' debt to EBITDA at 2 times or below * Targets hold out for industry upturn, creating value gap * Focus turns to suppliers that emerged from bankruptcy By Soyoung Kim and Deepa Seetharaman NEW YORK/DETROIT, Oct 27 (Reuters) - With the U.S. car industry in a slow, fragile recovery from a punishing downturn, auto parts makers are reluctant to pull the trigger on deals, delaying a long-predicted wave of ...

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