LEAR SIEGLER NEARS COMPLETION OF $2.18 BILLION LEVERAGED BUYOUT From: The Journal Record | Date: January 28, 1987 | Copyright (null) The Journal Record. Provided by ProQuest LLC.Copyright information

SANTA MONICA, Calif. (AP) - The $2.18 billion leveraged buyout of Lear Siegler Inc. neared completion Tuesday, with the buyer announcing that nearly 99 percent of Lear Siegler's common stock had been tendered under its offer.

Lear Siegler, a diversified manufacturing concern, is being purchased for $92 a share by a company called L Acquisition Corp. that was formed by Forstmann Little & Co., a privately h...

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