ISS recommends Lear shareholders reject Icahn--WSJ


NEW YORK, June 20 (Reuters) - Institutional Shareholder Services is recommending that Lear Corp. shareholders vote against Carl Icahn's $2.86 billion proposed takeover of the U.S. auto parts maker at its June 27 annual meeting, according to the online edition of Wall Street Journal on Wednesday. A special committee of the Lear board supports the bid, while one of Lear's largest shareholders, Pzena Asset Management, said in a statement on Tuesday that it believes the Icahn offer is too low. ...

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