Securities Law Prof Blog

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

Thursday, June 21, 2007

ISS Says No to Icahn-Lear Deal

ISS recommends a no vote on Carl Icahn's proposed $2.75 billion takeover of Lear Corp, which management supports.  ISS questions the strategic rationale for the takeover and says the $36 per share price is not much of a control premium.  The shareholders' meeting is scheduled for June 27.  See WSJ, ISS Recommends Lear Holders Reject Icahn Bid.

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