Thursday, 28 June 2007

Calstrs rejects Icahn offer for Lear Corp

(Reuters) - Calstrs said it believes that the roughly $2.9 billion offer price is too low, by almost half.



Lear Corp., which has faced criticism for accepting billionaire Icahn's $36-per-share offer, said last week it has delayed a shareholder vote on the deal until July 12.


Read more at Reuters.com Mergers News

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