UPDATE 3-Lear buyout by Icahn faces no rival bids


(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 ...

Premium Content (PAID Subscription Required)

"UPDATE 3-Lear buyout by Icahn faces no rival bids" 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- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

WardsAuto Blogs
Aug 21, 2014

Michigan, Great Lakes Region Still Core of North American Production

The Great Lakes Region is well-positioned to remain a North American production hub for years, perhaps well into the next decade....More
Aug 19, 2014

Dodge Undergoes Brand ‘Purification’

The brand moves from overall mainstream to so-called mainstream-performance....More
Aug 15, 2014

Is Your Classic Car Worthy of Historical Register?

“If we had a local fruit truck from Birmingham here or local delivery truck that is still around, a local firetruck, that’s every bit as important as the Washington Monument on the national level. It’s all part of our heritage, and heritage starts local," Mark Gessler says....More

Sponsored Introduction Continue on to (or wait seconds) ×