Wednesday, July 11, 2007

UPDATE 2-Icahn sweetened Lear buyout faces stiff opposition

(Reuters) - CHICAGO, July 11 - Billionaire Carl Icahn's
sweetened $3 billion buyout offer for auto parts maker Lear
Corp. has gained little traction among top advisory
firms or shareholders ahead of a scheduled vote next week.




Influential advisory firm Institutional Shareholder
Services on Tuesday joined Pzena Investment Management LLC and
the California State Teachers' Retirement System in opposing
Icahn's new $37.25 per share offer for Lear.


Read more at Reuters.com Mergers News

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