Securities Law Prof Blog

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

Saturday, February 10, 2007

Lear Shareholders Disappointed with Icahn Bid

Will someone give Carl Icahn some competition for his bid to acquire Lear, the auto parts supplier?  Some major shareholders hope so and express disappointment with the board for agreeing to Icahn's $36 bid.  Wall St., however, is doubtful anyone else will be interested.  See WSJ, Lear Holders Call for New Bids and NYTimes, Lear Agrees to Buyout Offer of $2.8 Billion From Icahn .

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