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Marcato Capital and Oskie Capital say they've sent a letter to Lear's (LEA +1.3%) board...

Marcato Capital and Oskie Capital say they've sent a letter to Lear's (LEA +1.3%) board outlining concerns around the company's valuation, outlining ideas for potential value-creating initiatives including a capex review, stock buyback, and potential asset acquisitions or sales. LEA, in response, issues a statement reiterating its committment to value creation, noting that it already has an effective investment strategy in place with a flexible balance sheet that enables it to return cash to shareholders.
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