My news for Investors

AtLeast one of the check box should be selected You are following news about Follow the latest news about LEA

    DETROIT, March 19 /PRNewswire/ -- Legendary value investor Carl Icahn
 said Friday that he became interested in Lear Corp. for the same reason he
 becomes interested in any company: Other investors had lost confidence.
     On Feb. 9, Southfield-based Lear (NYSE:   LEA) announced that its board
 of directors had voted to accept a $5.3 billion buyout agreement from New
 York- based American Real Estate Partners L.P., a company affiliated with
 Icahn.
     "If you look at my history, I've done this all of my life. You buy
 companies that are not in favor," the rarely interviewed Icahn told Crain's
 Detroit Business reporter Brent Snavely on Friday. "You go against the
 emotion. You go against the tide. You don't go with the crowd, you go
 against it."
     Icahn said the idea for the buyout proposal emerged in late January
 during a dinner meeting in New York with Lear Chairman and CEO Bob
 Rossiter.
     Icahn also expressed confidence in current management, and blamed
 Lear's financial struggles on industry conditions. He also responded to
 critics who say his $36 a share offer is too low.
     For the full story, see www.crainsdetroit.com or the front page of
 Crain's Detroit Business' March 19 the print edition.
     Crain's Detroit Business is one of nearly 30 business, trade and
 consumer publications of Crain Communications Inc. Headquartered in
 Detroit, Mich., Crain publications also include Advertising Age, Automotive
 News, AutoWeek, Business Insurance, InvestmentNews, Modern Healthcare,
 Pensions & Investments Age, Plastics News and Workforce Management as well
 as other business weeklies in Chicago, Cleveland and New York and numerous
 related business Web sites. It has more than 1,000 employees located in 16
 offices worldwide. The company's Web site is www.crain.com.
 
 

SOURCE Crain's Detroit Business