Thursday, June 21, 2007

ISS says Icahn's Lear bid not high enough

(Reuters) - A special committee of the Lear board supports the bid, while one of Lear's largest shareholders, Pzena Asset Management, in a statement on Tuesday said the Icahn offer was too low.




Icahn was not immediately available for comment. But Lear officials said ISS was not taking into account the challenges the company faces in remaining independent in a tough auto supplier market.


Read more at Reuters.com Business News

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