US: Lear inks agreement on NA interiors restructuring
Lear Corporation has today announced it has reached a definitive agreement with WL Ross & Co. LLC ("WL Ross") and Franklin Mutual Advisers, LLC ("Franklin") to transfer substantially all of the assets of its North American Interior business and US$25m of cash to a newly-formed joint venture, International Automotive Components Group North America, LLC ("IAC North America").
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