UPDATE 2-Federal-Mogul to separate motorparts, powertrain businesses

Newswire

(Adds analyst comment, updates share price) By Mridhula Raghavan Sept 3 (Reuters) - Federal-Mogul Holdings Corp, controlled by billionaire investor Carl Icahn, said it would separate its motorparts and powertrain businesses into two publicly traded companies. The Southfield, Michigan-based supplier said the separation of the motorparts business, which largely caters to the replacement market, will be in the form of a tax-free spinoff ...

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