Group 1 Automotive CEO Earl Hesterberg said in a conference call regarding third quarter earnings that he didn’t see opportunities for acquisitions right now because of high prices. But he left room for change, saying “That could change tomorrow. Almost every deal starts with an asking price that is too high,” reported Automotive News.
http://www.autonews.com/article/20141023/RETAIL07/141029908/group-1-slows-acquisition-pace
