Lear shareholders reject $2.9b offer from Icahn
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Lear Corp. shareholders rejected a $2.9 billion buyout offer yesterday from a firm led by billionaire investor Carl Icahn, a victory for opponents who said the proposal undervalued the company.
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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.
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U.S. auto parts maker Lear Corp. , which has received a $2.31 billion buyout offer from activist investor Carl Icahn, remained mum on the reasons behind a long trading halt in its shares on Thursday.
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Billionaire investor Carl Icahn on Monday said he offered to buy auto parts supplier Lear Corp.  for $36 a share in cash, or $2.43 billion, saying the company is poised for a turnaround amid a downtrodden auto sector.
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Investor Carl Icahn on Friday said he  has no plans to raise his $36-per-share offer for auto parts  maker Lear Corp. , saying the price is &quot;fair.&quot;
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Mylan Laboratories Inc.&#39;s (MYL.N: Quote, Profile, Research) board on Monday rebuffed financier Carl Icahn&#39;s bid to buy the company, and said it remains committed to
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The board of Mylan Laboratories rebuffed the financier Carl C. Icahn&#39;s bid to buy the company yesterday, saying it remained committed to acquiring the brand-name drug maker King Pharmaceuticals.
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Lear Corp.  said on Monday that it had accepted a higher takeover offer of about $3 billion from billionaire Carl Icahn's American Real Estate Partners LP  after shareholders balked at the previous proposal.
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WILMINGTON, Delaware  - General Motors Corp.  investors rejected all 10 shareholder proposals at its annual meeting on Tuesday, including one that would give investors more influence in board elections and another that would recoup bonuses when results are revised downward.
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U.S. auto parts maker Lear Corp.   said on Friday that it has accepted top shareholder and  billionaire investor Carl Icahn's $2.31 billion cash buyout  offer and may solicit alternate proposals for 45 days.
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A group led by the investor Carl C. Icahn has agreed to increase its bid for the Lear Corporation, the automotive supplier, by about 3.5 percent, to roughly $2.9 billion.
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GenCorp (GY.N: Quote, Profile, Research) , an aerospace and real estate company, on Monday said its board has rejected a $17 per share offer from US investment fund Steel Partners II, saying the price was &quot;inadequate.
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U.S. auto parts maker Lear Corp.  , which has received a $2.31 billion buyout offer from  activist investor Carl Icahn, remained mum on the reasons  behind a long trading halt in its shares on Thursday.
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Shareholders of financially troubled clothing retailer Eddie Bauer yesterday rejected a $286 million buyout offer from a pair of private equity firms, sending the company's shares down more than 4 percent.
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The Netherlands-based Corporate Express rejected an unsolicited $3.67 billion buyout offer from Staples as too low, but some analysts expect an eventual agreement.
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NASHVILLE, Feb. 12  â Two more investment advisory firms recommended Monday that shareholders of Caremark Rx reject a buyout offer from the drugstore operator CVS Corporation when it comes up for a vote next week.
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STOCKHOLM -- Scania AB and two of its major shareholders rejected a $12.2 billion takeover offer from Germany's MAN AG yesterday, with one investor saying the offer did not reflect the truck maker's value.