(Reuters) - Lear's board of directors had recommended that shareholders approve the sweetened $3 billion, or $37.25 per share, offer. But it met opposition from influential advisory firm Institutional Shareholder Services as well as Lear's second-biggest shareholder, Pzena Investment Management LLC, and the California State Teachers' Retirement System.
"We respect the stockholder majority," Bob Rossiter, Lear chairman and chief executive, said in a statement.
Read more at Reuters.com Business News
"We respect the stockholder majority," Bob Rossiter, Lear chairman and chief executive, said in a statement.
Read more at Reuters.com Business News
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