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Thursday, November 09, 2006

Icahn Gets Okay to Boosts Lear (LEA) Stake

From 13D Tracker

According to reports from Dow Jones News, Carl Icahn has received antitrust OK to boost his stake in Lear (NYSE: LEA). Ichan currently holds an 11.995 million share stake (15.77%) in Lear.

In October, Lear entered into a definitive agreement to issue $200 million of common stock in a private placement to affiliates of and funds managed by Carl C. Icahn. The offering included 8,695,653 shares of Lear common stock issued at $23.00 per share.

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