Lear Corporation Added to S&P MidCap 400 Index
15 July 1998
Lear Corporation Added to S&P MidCap 400 IndexSOUTHFIELD, Mich., July 14 -- Standard & Poor's Financial Information Services has announced the addition of Lear Corporation to its MidCap 400 index effective with the close of trading on Wednesday, July 15, 1998. Lear was selected for inclusion after a careful evaluation by S&P of its market value, industry group classification, ownership of shares, trading activity and liquidity. Inclusion in the S&P MidCap 400 is expected to increase Lear's visibility, widen coverage by securities analysts and increase trading in its stock, as institutional investors create investment portfolios that mirror the index. Commenting on the S&P announcement, Kenneth L. Way, Lear's Chairman and Chief Executive Officer said, "We're very pleased to be added to the S&P MidCap 400 index. We believe that our inclusion in the S&P index is a reflection of our continued growth and expansion." A Fortune 500 Company, Lear Corporation is one of the world's largest automotive suppliers, with 1997 sales of $7.3 billion. The company's world- class products are designed, engineered and manufactured by more than 54,000 employees in over 190 facilities located in 27 countries. Information about Lear and its products is available on the Internet at http://www.lear.com.