Lear Corp. (LEA) said that its warrants to purchase common stock, par value $0.01 per share, issued in connection with Lear's emergence from Chapter 11 bankruptcy proceedings, have become exercisable.
As of December 21, Lear had 8.16 million warrants outstanding. The warrants are exercisable on a one-for-one basis for an aggregate of up to 8.16 million shares of Lear common stock at an exercise price of $0.01 per share of common stock. The warrants expire on November 9, 2014.
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