tag:blogger.com,1999:blog-19259143.post6697450689214663986..comments2023-10-11T07:38:47.112+00:00Comments on Dah Hui Lau (David): Richard Pzena: Lear Undervaluation SummaryAnonymoushttp://www.blogger.com/profile/04314020987562246700noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19259143.post-18695958760020103982007-07-03T11:15:00.000+00:002007-07-03T11:15:00.000+00:00I think the bid opportunistic and that Icahn has p...I think the bid opportunistic and that Icahn has persuaded the Directors to his side, that is rather than the shareholders.<BR/><BR/>You may recall that last year Lear were excited about the batteryless Transense TPMS system offered through Melexis, Texas Instruments and Honeywell. The actually Honeywell made pressure sensor is the same as used by Michelin in its new eTire product for trucks.<BR/><BR/>I think it is a very attractive product and Lear have been promoting it in Europe and Japan as well as the US. As it is designed to combine with the existing RKE and is environmentally friendly it has much to recommend it and if deals have been/are being signed then Lear are going to do very well with this offering.<BR/><BR/>I don't know what deals have been struck but I would imagine that the Directors have a good idea what they have and what they hope to sign up. I imagine Icahn must have a shrewd idea also.Anonymoushttps://www.blogger.com/profile/08348596717811814035noreply@blogger.com