(Recasts first paragraph; adds quotes, byline) By Dane Hamilton NEW YORK, Aug 27 (Reuters) - The pension plan at a U.K. unit of bankrupt auto parts maker Federal-Mogul Corp. on Friday rejected a $130 million offer by financier Carl Icahn to keep it afloat, prompting a warning from bondholders that the plan may be liquidated. The plan's trustees called the offer, which was part of a $700 million bid for the assets of the U.K. car parts maker, Turner & Newall, inadequate. They said ...
Premium Content (PAID Subscription Required)
"UPDATE 1-UK Federal-Mogul pension plan rejects Icahn bid" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.