• Tue, Jan. 3, 9:50 AM
    • Federal-Mogul Holdings (NASDAQ:FDML) is lower after Icahn Enterprises LP (IEP +0.5%) raises its bid for the company to $10.00 per share from $9.25.
    • The new offer extends the tender period to January 17.
    • SEC filing
    • FDML -1.84% premarket to $10.12.
    Tue, Jan. 3, 9:50 AM | 1 Comment
  • Sep. 6, 2016, 12:08 PM
    • A subsidiary of Icahn Enterprises (IEP +1.8%) fires off an offer to acquire the remaining shares of Federal-Mogul (FDML) it doesn't own for $9.25 per share in an all-cash transaction.
    • Icahn Enterprises made an offer earlier this year at $7.00 per share.
    • Federal-Mogul’s board has recommended that Federal-Mogul stockholders accept the offer and tender their shares.
    • Shares of FDML are currently halted.
    • Source: Press Release
    Sep. 6, 2016, 12:08 PM | 5 Comments
  • Jun. 20, 2016, 8:00 AM
    • Federal-Mogul (NASDAQ:FDML) announces that it received an increased offer from Icahn Enterprises of $8 per share.
    • The original offer from IEP was at $7 per share.
    • FDML closed at $8.15 on Friday, but were up 5% in AH trading as investors began to factor in more negotiations.
    Jun. 20, 2016, 8:00 AM
  • Feb. 29, 2016, 7:10 AM
    • Already an owner of 82% of Federal-Mogul (NASDAQ:FDML), Icahn Enterprises (NASDAQ:IEP) offers $7 per share for the stock it doesn't have. That comes against a closing price of $4.98 on Friday.
    • The deal would need to be approved a special committee of independent directors of FDML and by a majority of non-Icahn-affiliated stockholders.
    Feb. 29, 2016, 7:10 AM | 3 Comments
  • Jul. 14, 2014, 10:32 AM
    • Honeywell (HON +0.7%) has completed its sale of its Friction Materials business to Federal-Mogul (FDML +0.4%) with the aim of realigning its portfolio to match the company's focused industries. The deal is valued at ~$155M.
    • "The sale of the Friction Materials business is a significant step in our effort to fully align the Honeywell portfolio around Great Positions in Good Industries," says Chairman and CEO Dave Cote.
    • The company is also repositioning its Transportation Systems business segment with its Aerospace business segment to take advantage of the engineering and technology similarities between the two.
    • The realignments will have no effect on the Company's historical consolidated financial position, results of operations, or cash flows.
    Jul. 14, 2014, 10:32 AM
  • Jan. 22, 2014, 9:13 AM
    • Federal-Mogul (FDML) acquires Affinia's chassis components business.
    • The acquisition will expand FDML's chassis product offerings as well as the number of automobiles they cover.
    • The purchase also targets efficiencies in manufacturing and logistics.
    • Previous: Honeywell to sell friction materials unit to Federal Mogul for $155M
    Jan. 22, 2014, 9:13 AM
  • May 17, 2011, 4:52 PM

    Private equity firms Carlyle Group and Apollo Global (APO) have lost interest in pursuing Federal-Mogul (FDML -5.4%), Reuters reports, shrinking the field of potential bidders for the auto parts company. Bain Capital, Blackstone (BX) and Canada's Onex were initially interested but reportedly dropped out last month.

    May 17, 2011, 4:52 PM