RPT-Lear says Tata AutoComp considers bid, withdraws

Newswire

(Repeats story to additional subscribers in India) CHICAGO, May 30 (Reuters) - Lear Corp. said on Wednesday that India's Tata AutoComp Systems Ltd. explored a possible bid for the auto parts maker but will not submit a proposal to rival billionaire Carl Icahn's buyout offer. Lear had been in discussions with Tata and private equity firms since March 18, but Tata told Lear on Wednesday it would not submit a proposal, Lear said in a filing with the U.S. Securities and Exchange Commission. ...

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