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Lear Corp. (US:LEA) said late Wednesday

Posted 11-05-2012 at 06:31 AM by marcitize12

Lear Corp. (US:LEA) said late Wednesday it plans to file for Chapter 11 bankruptcy protection and will restructure its debt under court supervision. The automotive parts company also secured $500 million in debtor-in-possession financing from a group led by J.P. Morgan and Citigroup. Lear's subsidiaries outside...

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