Securities Law Prof Blog

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

Wednesday, March 21, 2007

Icahn Offer for Lear Moving Forward

Lear Corp. recommended that its shareholders accept a merger offer from an affiliate of Carl Icahn, saying that an investment banking firm has opined that the $36 per share price fair.  Three shareholders holding about 19% of the stock oppose the deal; Icahn holds about 16%.  See WSJ, Lear Board Recommends Shareholders Approve Icahn Deal.

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