Lear to acquire Eagle Ottawa in deal valued at $850M

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
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs