(Reuters) - CHICAGO, July 9 - Billionaire investor Carl
Icahn's American Real Estate Partners LP raised its
takeover offer for Lear Corp. to about $3 billion, but
the auto parts maker's second biggest shareholder remained
unconvinced.
Pzena Investment Management LLC, which holds some 6.6
million Lear shares, or an 8.6 percent stake, said it plans to
vote against investor Icahn's latest offer for the auto parts
company, saying the company should remain independent.
Read more at Reuters.com Mergers News
Icahn's American Real Estate Partners LP raised its
takeover offer for Lear Corp. to about $3 billion, but
the auto parts maker's second biggest shareholder remained
unconvinced.
Pzena Investment Management LLC, which holds some 6.6
million Lear shares, or an 8.6 percent stake, said it plans to
vote against investor Icahn's latest offer for the auto parts
company, saying the company should remain independent.
Read more at Reuters.com Mergers News
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