UPDATE 2-Lear to borrow $800 mln, restructures Europe unit


(Recasts first sentence, adds Ross comments, details, background, stock action) CHICAGO, March 29 (Reuters) - Auto parts maker Lear Corp. said on Wednesday it secured $800 million in new loans and that it will contribute its European interior products business to a venture backed by billionaire financier Wilbur Ross, sending shares up 12 percent. The company, which will receive a 34 percent equity stake in the joint venture with Ross, also suspended its quarterly cash dividend in a ...

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