Pzena Investment Management LLC, one of Lear Corp.’s biggest stockholders, says it will vote against billionaire investor Carl Icahn’s sweetened takeover offer of about $3 billion. Pzena says Lear is worth $55 to $60 per share, well above the latest bid of $37.25 per share offered by Icahn’s American Real Estate Partners LP investment firm. Influential advisory firm Institutional Shareholder Services also has recommended that Lear shareholders vote against the Icahn offer. Appaloosa ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.