Carl Icahn to Take Federal-Mogul PrivateBy
Carl C. Icahn’s investment firm has agreed to take the Federal-Mogul Holdings Corporation private, continuing his quest to buy suppliers to the auto industry.
Icahn Enterprises will buy the remaining 18 percent of Federal-Mogul it does not already own for $9.25 a share in cash, according to a statement released Tuesday by Federal-Mogul, which is based in Southfield, Mich. The deal values Federal-Mogul around $1.6 billion…
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