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Lear (LEA) CEO Buys 225K Shares

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November 10, 2008 11:26 AM EST

After the close Friday, Lear Corp. (NYSE: LEA) Chairman/CEO, Robert E. Rossiter, disclosed a purchase of 225,000 shares on 11/7 at $1.78, bringing his stake to 299,885 shares.

Shares of Lear are down 11.6% to $1.75 and are nearing their 52-week low of $1.55. The auto parts maker is down 94% YTD.

Lear Corporation, through its subsidiaries, engages in the design, manufacture, and sale of automotive seat systems, electrical distribution systems, and electronic products in the United States.