After an aggressive two-year campaign on the acquisition trail, Federal-Mogul Corp. says it will sell its lighting, wiper blade and fuel businesses. The businesses employ roughly 5,400 people at 14 manufacturing facilities, and have sales of approximately $700 million. Most of the operations were part of Cooper Automotive, which Federal-Mogul acquired in October 1998 for $1.9 billion in cash. Cooper had a significant presence in the automotive aftermarket, so some industry observers ...
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