(Reuters) - Icahn, Lear's biggest shareholder, raised his offer to $37.25 per share from a previous $36 that proxy advisory firms and several shareholders called too low. Just weeks ago, Icahn stood firm against raising the offer.
The bump up was not enough to sway Richard Pzena, head of Pzena Investment Management LLC, a firm that has led opposition to the Icahn bid, and plans to vote against the new offer from Icahn's American Real Estate Partners LP .
Read more at Reuters.com Business News
The bump up was not enough to sway Richard Pzena, head of Pzena Investment Management LLC, a firm that has led opposition to the Icahn bid, and plans to vote against the new offer from Icahn's American Real Estate Partners LP .
Read more at Reuters.com Business News
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