Lear (LEA Quote) surged 15% Monday after fielding a takeout offer from a Carl Icahn-led company.
The Southfield, Mich., auto supplier said Icahn's American Real Estate Partners offered to buy Lear for $36 a share in cash following discussions with the company. Lear said it would consider the proposal, which would allow Lear management to stay on. Shares rose $5.18 to $39.85.- Loading Comments...
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