Breaking News Bar

Business News and Information

Robbins Arroyo LLP Is Investigating the Officers and Directors of Federal-Mogul Holdings Corporation (FDML) on Behalf of Shareholders

Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Federal-Mogul Holdings Corporation (NASDAQGS: FDML) breached their fiduciary duties in connection with Icahn Enterprises, L.P.'s tender offer to acquire all outstanding shares of the company. Federal-Mogul supplies various components, accessories, and systems to the manufacturers and servicers of vehicles and equipment worldwide.

View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/federal-mogul-holdings-corp

Federal-Mogul Agrees to Potentially Unfair Tender Offer

On September 6, 2016, Federal-Mogul announced that its board of directors agreed to sell the company to Icahn Enterprises through a tender offer at a price of just $9.25, only a one cent premium over the prior day's closing price. Notably, Icahn Enterprises currently holds 82% of Federal-Mogul's stock. Further, more than half of Federal-Mogul's board of directors is or has been associated with various Icahn branded entities.

Federal-Mogul Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts:

Robbins Arroyo LLP
Darnell R. Donahue
(619) 525-3990 or Toll Free (800) 350-6003
DDonahue@robbinsarroyo.com
www.robbinsarroyo.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear