Federal-Mogul receives merger proposal from Icahn Enterprises

March 2, 2016

Federal-Mogul Holdings Corporation has announced that it has received a proposal from its majority shareholder, Icahn Enterprises L.P. (IEP), to purchase the shares of Federal-Mogul common stock not owned by IEP. The deal would see Federal-Mogul shareholders receive $7 in cash for each of their Federal-Mogul shares.

Consistent with its fiduciary duties, the Federal-Mogul Board will appoint a special committee of independent directors who, in consultation with independent financial and legal advisors, will carefully review and evaluate IEP’s proposal.

Icahn Enterprises currently owns approximately 82.0% of the outstanding shares of common stock of Federal-Mogul Holdings Corporation.

www.federal-mogul.com   

Powder Metallurgy Review magazine cover

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Hot Isostatic Pressing for the production of large, near-net shape components
  • Safeguarding PM part usage in a new automotive industry
  • How to make metal powders., Part 3
  • Company profile: Jiangxi Yuean Advanced Materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link