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  • Financial Manufacturing

    Icahn Offers To Buy Remaining Stake In Federal-Mogul, Reuters Reports

    Reuters has reported that auto parts maker Federal-Mogul Holdings Corp. has received a proposal from billionaire Carl Icahn’s Icahn Enterprises L.P. to buy shares of the company it does not already own.

    Shareholders will receive $7 per share in cash, representing a premium of about 41 percent to the Federal-Mogul’s Friday closing.

    Read more at Reuters.

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    aftermarketNews Staff

    aftermarketNews Staff