Friday, June 22, 2007

Lear delays vote on Icahn takeover

(Reuters) - Lear shareholders had been scheduled to vote on the nearly $2.9 billion offer from Icahn's American Real Estate Partners on June 27.




The move is aimed at giving Lear time to set the record straight with investors after criticism of the deal this week, including a negative report from proxy advisory firms including Institutional Shareholders Services and comments by money manager Pzena Investment Management, Lear said.


Read more at Reuters.com Mergers News

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