Just a few months ago, Federal-Mogul Corp. and TRW Inc. were on opposite sides of a bidding war for LucasVarity plc, the U.K.-based brake and electronics supplier. Now, Federal-Mogul executives are hoping any hard feelings have been forgotten, as the Southfield, MI, supplier has entered the bidding to buy one of the four automotive operations that TRW is selling off to reduce debt associated with the LucasVarity deal. The four businesses, estimated to be worth between $1.2 billion and $1.5 ...

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