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Detroit Free Press (Free subscription) | 08/08/2007
Lear, in a filing with the Securities and Exchange Commission on Tuesday, said 55 percent of shareholders rejected the $2.9 billion offer from Icahn's American Real Estate Partners LP. More than 31 percent supported the bid while 13 percent did not vote.
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Detroit Free Press (Free subscription) | 08/02/2007
... takeover bid. Last month, shareholders rejected a management-backed $37.25 a share bid by Icahn's American Real Estate Partners private equity firm to purchase Lear.The company's stock rose after shareholders rejected Icahn's offer and then fell last week along with the rest of the market on concerns that it is becoming harder for corporations to borrow money.“We believe...
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Detroit Free Press (Free subscription) | 08/02/2007
... Carl Icahn for a takeover bid. Last month, shareholders rejected a $37.25 a share bid by Icahn's American Real Estate Partners private equity firm to purchase Lear.Contact ALEJANDRO BODIPO-MEMBA at 313-222-5008 or .
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Mercury News (Free subscription) | 07/16/2007
WILMINGTON, Del. - Lear Corp. shareholders rejected a $2.9 billion buyout offer Monday from a firm led by billionaire investor Carl Icahn, mounting enough opposition amid concerns that the bid undervalued the auto supplier.Icahn's American Real Estate Partners LP had improved its offer in the past week to $37.25 a share, but some shareholders said Lear was worth far more...