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US: Top car parts rivals mull merger

 |  February 27, 2014

Reports say car parts giants Cooper-Standard Holdings and TI Automotive are considering a merger that would combine the world’s top makers of car and truck fluid systems.

Sources told reporters that Cooper-Standard is meeting with advisers to discuss a potential acquisition and has already approached TI Automotive about a possible bid.

The sources said TI has been looking for a buyer for the past few months.

Report say, however, that formal merger talks have not commenced and that a deal is not guaranteed to emerge.

Full Content: Reuters

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