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Icahn Enterprises launches tender offer for Federal-Mogul shares at 5.6% discount

Carl Icahn’s Icahn Enterprises LP said Monday that it had launched a tender offer of $9.25 a share for the Federal-Mogul Holdings Corp. shares that it doesn’t already own. The price is a 5.6% discount to Friday’s closing price of $9.80. Icahn Enterprises currently owns about 82% of Federal-Mogul’s stock. The stock, which was still inactive in premarket trade, had run up 43% year to date through Friday, while Icahn Enterprises shares had tumbled 18% and the S&P 500 had gained 5.9%.

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Icahn Enterprises launches tender offer for Federal-Mogul shares at 5.6% discount Reviewed by on . Carl Icahn's Icahn Enterprises LP said Monday that it had launched a tender offer of $9.25 a share for the Federal-Mogul Holdings Corp. shares that it doesn't a Carl Icahn's Icahn Enterprises LP said Monday that it had launched a tender offer of $9.25 a share for the Federal-Mogul Holdings Corp. shares that it doesn't a Rating:
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