UK Federal-Mogul pension plan rejects Icahn offer

Newswire

NEW YORK, Aug 27 (Reuters) - A pension plan covering 40,000 workers at a U.K. subsidiary of bankrupt Federal-Mogul Corp. has rejected a $130 million offer by financier Carl Icahn to keep the plan afloat, the pension plan's trustee said on Friday. The trustee for the pension fund for workers at the U.K. car parts maker, Turner & Newall, has been in last ditch negotiations in recent weeks with U.S. bondholders led by Icahn in an effort to win more money to keep the plan afloat. Icahn ...

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