RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

Icahn increased its offer for Federal-Mogul to $8

Share on Twitter Share on LinkedIn
Staff writer |
Federal-Mogul
Acquisition   Federal-Mogul receives increased offer from Icahn Enterprises

Federal-Mogul Holdings Corporation previously announced that on February 28, 2016, its majority shareholder, Icahn Enterprises, proposed to purchase the shares of Federal-Mogul common stock not owned by IEP.

Pursuant to the merger transaction the Federal-Mogul shareholders would receive $7 in cash for each of their Federal-Mogul shares, subject to the conditions set forth in the February 28th letter to the Federal-Mogul Board of Directors.

Now, Federal-Mogul announced that the evening of June 17, 2016, it received an increased offer from IEP pursuant to which IEP proposed to purchase the shares of Federal-Mogul common stock not owned by IEP.

Federal-Mogul shareholders would receive $8 in cash for each of their Federal-Mogul shares, subject to the same conditions set forth in the February 28th letter.


What to read next
POST Online Media Contact