(Reuters) - 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.
Icahn, who said just weeks ago that he would not raise his offer for the auto parts maker, lifted it to $37.25 per share from a prior $36 offer that proxy advisory firms and several shareholders called too low.
Read more at Reuters.com Bonds News
Icahn, who said just weeks ago that he would not raise his offer for the auto parts maker, lifted it to $37.25 per share from a prior $36 offer that proxy advisory firms and several shareholders called too low.
Read more at Reuters.com Bonds News
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