Wednesday, July 11, 2007

Icahn sweetened Lear buyout faces stiff opposition

(Reuters) - Influential advisory firm Institutional Shareholder Services on Tuesday joined Pzena Investment Management LLC and the California State Teachers' Retirement System in opposing Icahn's new $37.25-per-share buyout offer for Lear.




All three had opposed an earlier $36-per-share offer from Icahn's American Real Estate Partners LP . Lear's board accepted both bids and recommends shareholder support.


Read more at Reuters.com Hot Stocks News

No comments: