Lear Shareholders to Vote on Icahn Deal
“If it gets voted up, I guess it means that either people had a lower estimation of valuation than we did or just wanted to take the money now rather than take the chance ... that things would get better”
After two delays and much wrangling, Lear Corp. shareholders will vote Monday on a $2.8 billion buyout offer led by billionaire investor Carl Icahn.
Icahn's American Real Estate Partners LP has slightly sweetened the offer, now worth $37.25 a share, but some analysts expect the meeting in Wilmington, Del., to be contentious.
'I would imagine the meeting would be fairly stormy on Monday,' said Paul Newton, associate director of London-based Global Insight, an economic research and consulting company. Read more
Join the discussion below, or Read more at The Associated Press.
#1 Jul 16, 2007
Sorry that Lear does not give discount coupons on shares. Prehaps they will give Mr. Icahn the same discount that they give us at Christmas. A $10. coupon on a Christmas ham.
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