Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, February 6, 2007

Icahn Bids for Lear

Carl Icahn, who currently holds 16% of Lear, offers to buy the remaining shares for $36 per share, for a total of $2.4 billion.  Another shareholder, Pzena Investment Management, says the price is too low for the auto parts supplier.  See NY Times, Icahn Offers to Acquire Rest of Auto Parts Company .

http://lawprofessors.typepad.com/securities/2007/02/icahn_bids_for_.html

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