UPDATE 3-Lear buyout by Icahn faces no rival bids

Newswire

(Adds details from Lear) By David Bailey CHICAGO, March 27 (Reuters) - Auto parts maker Lear Corp. said on Tuesday it has received no bids to rival billionaire financier Carl Icahn's buyout offer but continues to talk to parties who have expressed interest. Lear's board in February agreed to a $2.3 billion, or $36 per share, takeover by Icahn, well known as an activist investor and Lear's largest shareholder with a roughly 16 percent stake. The deal is worth $5.3 billion including ...

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