Icahn's vehicle offers to sell part of stake in Federal-Mogul

Newswire

Feb 27 (Feb) - Billionaire investor Carl Icahn's Thornwood Associates offered to sell a portion of the shares it owns in auto-parts maker Federal-Mogul Corp to investment firm Nineteen Eighty-Nine at the price it had bought them. In a regulatory filing, Thornwood said it exercised options to buy 50.1 million of Federal-Mogul's Class B shares on Feb 25. Under the option agreement, the aggregate purchase price for the shares was $900 million. Thornwood has been involved with Nineteen ...

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