Icahn Gets Okay to Boosts Lear (LEA) Stake

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.