CalSTRS votes against Ichahn

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US - The California State Teachers' Retirement System (CalSTRS) said it would vote against the $2.8bn proposed takeover of auto-parts supplier, Lear Corporation in which it held a 2% stake.

CalSTRS has 1.4 million shares of common stock in Lear, which is due to merge with the billionaire Carl Icahn’s unit, American Real Estate Partners (AREP). The $171.1bn pension fund said it bel...

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