Securities Law Prof Blog

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

Monday, July 16, 2007

Lear Shareholders Reject Icahn's Buyout

Shareholders of Lear Corp. rejected a board-approved buyout offer from Carl Icahn today.  Although Icahn was persuaded to raise the price from $36 to $37.25, some large shareholders continued to believe the price was too low.  WSJ, Lear Holders Reject Icahn Offer.

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