Icahn extend offer for Federal-Mogul #DetroitNews

Dustin Walsh - Billionaire investor Carl Icahn once again extended his offer to gain total control over Southfield-based Federal-Mogul Holdings Corp. as the previous deadline expired. Icahn, through a subsidiary of his firm Icahn Enterprises LP, entered into a definitive agreement in September with Federal-Mogul to acquire the remaining shares the firm does not own — approximately 18 percent. Icahn offered to pay $9.25 per share in an all-cash deal, which represents 86 percent higher than the supplier's

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