By Philip Nussel, Automotive NewsDetroit - Embattled seating and electronics giant Lear Corp. said 9 July that New York investor Carl Icahn is boosting his bid for the company by about 3 percent to $37.25 a share, or $2900 million.With a shareholder meeting scheduled for Thursday 12 July, the company faced broad shareholder opposition to the offer at its previous level of $36 a share, or $2800 million.Lear said it will convene its annual meeting on Thursday, but will immediately adjourn the meeting until Monday 16 July, to hold the vote on Icahn's new offer. Both meetings will take place at the Hotel du Pont in Wilmington, Delaware."The Lear board concluded unanimously that the original merger agreement with (Icahn) was fair and in the best interests of Lear's stockholders. The increased price makes the transaction even more attractive," said Larry McCurdy, Lear's lead independent director, in a prepared statement. "We believe the revised price represents a meaningful increase in value for Lear stockholders, and we strongly encourage a vote in favor of the revised Merger Proposal."Based in Southfield, Michigan, Lear ranks No. 7 on the Automotive News list of the top 100 global suppliers with worldwide original-equipment automotive parts sales of $17840 million in 2006."