Lear Corp, a maker of auto seats and electrical power systems, said it would purchase automotive leather supplier Eagle Ottawa LLC in a deal valued at $850 million, to strengthen its seats business. Auburn Hills, Michigan-based Eagle Ottawa's customers include top automakers such as Ford Motor Co, BMW, General Motors Co and Hyundai Motor Co, Lear said in a statement.
Ford Motor Company (Ford) is a producer of automobiles. Shares of F traded higher by 0.99% or $0.17/share to $17.36. In the past year, the shares have traded as low as $14.40 and as high as $18.12. On average, 25509200 shares of F exchange hands on a given day and today's volume is recorded at 18019796.
Lear Corporation is a tier 1 supplier to the global automotive industry. Shares of LEA traded higher by 0.49% or $0.48/share to $98.11. In the past year, the shares have traded as low as $68.26 and as high as $100.58. On average, 758735 shares of LEA exchange hands on a given day and today's volume is recorded at 401109.
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