EXCLUSIVE-TI Automotive hires banks on potential sale-sources

Newswire

NEW YORK, June 21 (Reuters) - TI Automotive has hired Deutsche Bank and Lazard Ltd to explore strategic alternatives for the company, including a potential sale or initial public offering, people familiar with the matter said. TI Automotive, which makes fuel tanks as well as braking and powertrain components for cars and trucks, has about $2.5 billion in estimated revenues and could be valued at around $1.25 billion in the event of a sale, these people said. While it is unclear if a ...

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