Wall Street reacts positively to indications that a joint-venture agreement is imminent between Lear Corp. and billionaire Wilbur Ross. In an SEC filing today, Lear reveals it has a non-binding agreement in principle to make its North American interiors business part of a new, Ross-built entity called International Automotive Components Group North America LLC. In a research note published today, Brett Hoselton of KeyBanc Capital Markets writes: “While the deal has not been completed, we ...

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