Outside Acme.(Management Briefing Seminars)(Carlyle Group L.P.; Onex Corp. acquired General Motors Corp. Allison Transmission Div.)(55% of Lear shares opposed Icahn offer)

Automotive News, August, 2007

55% of Lear shares opposed Icahn offer

DETROIT - Billionaire investor Carl Icahn's ill-fated attempt to acquire seating and electronics supplier Lear Corp. was defeated July 16 by a vote of 38.66 million shares opposed to 22.21 million shares in favor. An additional 9.37 million shares abstained or did not vote.

All told, 55.0 percent of Lear's shares voted against the proposal.

Lear disclosed the voting results in a quarterly filing yesterday with the Securities and Exchange Commission. Icahn originally offered $36 a share for the supplier and then raised it to $37.25 a share, or $2.9 billion. Several large shareholders openly fought the move.

- Brent Snavely

GM wraps up Allison Transmission sale

DETROIT - General...

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