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.
ZF said the effort was in line with its dedication to sustainability, zero-waste and circularity.
This past weekend, MEMA Aftermarket Suppliers' Cheryl Dry and Brenna McCann joined ZF Group to help clean up Stony Creek Metro Park in Shelby Township, Mich.
The effort was in line with ZF's dedication to sustainability, zero-waste, and circularity—which includes remanufacturing to reduce resource use and enable a second life for many products, the company said.
The new items represent more than 10 million vehicles in new coverage, PRT said.
Sustainability is embedded in every facet of the company’s operations, Joffe affirmed.
The company expects no changes to availability going forward and little to no customer impact as the consolidation is completed.
General repair product lines are now available at Transtar’s branch in Fort Worth, Texas, in addition to transmission and driveline-related products.
Sales were $5.8B, a 0.3% increase compared to the same period of the prior year.
The company attributes the growth to strategic initiatives and its LiftKits4Less.com platform, which was reactivated five months ago.
The ability to work with Nissan secure systems is available on Snap-on Wi-Fi enabled products operating the latest software.
The acquisition would expand Solero’s presence with the addition of five European plants located in the Czech Republic, Germany and Romania, as well as one plant in the U.S.
