Feb 29 (Reuters) - Auto parts maker Federal-Mogul Holdings Corp said it received a proposal from billionaire Carl Icahn's Icahn Enterprises L.P. to buy shares of the company it does not already own.
Shareholders will receive $7 per share in cash, representing a premium of about 41 percent to the Federal-Mogul's Friday closing.
Icahn Enterprises owns about 82 percent of Federal-Mogul. (Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)