- A subsidiary of Icahn Enterprises (NASDAQ: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
Federal-Mogul agrees to Icahn Enterprises buyout
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| Symbol | Last Price | % Chg |
|---|---|---|
| IEP | - | - |
| Icahn Enterprises L.P. | ||