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Lear adopts shareholder-rights plan (AP)
26th December 2008
Lear Corp.’s board approved a plan to reduce future tax liability and restrict ownership changes at the auto-parts supplier.
Lear Adopts Stockholder Rights Plan Structured to Preserve Use of Net Operating Losses (PR Newswire)
Lear Corporation , a leading global supplier of automotive seating systems, electrical distribution systems and electronics products, today announced that its Board of Directors has adopted a stockholder rights plan .
LAKE FOREST, Ill.—-Tenneco announced today that its senior lenders have agreed to amend a financial covenant in Tennecoâs senior secured credit facility for the fourth quarter of 2008, which relaxes the leverage covenant ratio by increasing the maximum ratio to 4.25 from a maximum ratio of 4.0.
Fitch Ratings on Monday cut its rating on auto parts supplier Visteon Corp. further into junk territory, citing the steepening downturn in global auto production.