- Lear (NYSE:LEA) agrees to acquire Eagle Ottawa, the world's largest supplier of automotive leather, in a deal valued at $850M on a cash and debt-free basis.
- Lear expects the transaction to be ~5% accretive to annual EPS upon closing.
- Lear also says it intends to continue to return cash to shareholders; at the end of Q2, it had ~$600M in remaining share repurchase authorization.
From other sites
at Nasdaq.com (Thu, 10:53AM)
at Nasdaq.com (Mar 18, 2015)
at Nasdaq.com (Feb 27, 2015)
at MarketWatch.com (Feb 3, 2015)
at CNBC.com (Feb 3, 2015)
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