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Sep

07

Carl Icahn to Take Federal-Mogul Private

By Tony Seruga

Carl C. Icahn’s acquisition of Federal-Mogul comes after his deal to take private the auto parts retailer Pep Boys. CreditKarsten Moran for The New York Times

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…

Carl Icahn to Take Federal-Mogul Private

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