Court denies Federal-Mogul bid for Citigroup talks

Newswire

By Jonathan Stempel NEW YORK, Aug 29 (Reuters) - A Delaware bankruptcy judge has denied Federal-Mogul Corp.'s request for exclusive talks with a Citigroup Inc. unit that it said expressed interest in investing $350 million in the company. The Southfield, Michigan-based auto parts supplier had said the unit, Citigroup Venture Capital Equity Partners LP, requested the 90-day negotiating period as a condition for its equity investment. Federal-Mogul told the bankruptcy court in Wilmington ...

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