Federal-Mogul (FDML) Tops Q4 EPS by 10c
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Federal-Mogul Reports Fourth Quarter and Full-Year 2015 Results
February 29, 2016 7:15 AM ESTStrong sales growth, largely offset by currency exchange rate fluctuationsGross profit increase of $45 million, or 20% in Q4 201538% improvement in Operational EBITDA in Q4 2015, despite negative currency exchange rate impact; net loss of $58 million, driven by $98 million of non-cash impairment and restructuring charges
SOUTHFIELD, Mich., Feb. 29, 2016 (GLOBE NEWSWIRE) -- Federal-Mogul Holdings Corporation (NASDAQ: FDML) today announced financial results for the fourth quarter ended December 31, 2015. Net sales for the fourth quarter were $1,798 million, compared to $1,795 million in Q4... More
Federal-Mogul Receives Merger Proposal From Icahn Enterprises L.P.
February 29, 2016 7:00 AM ESTSOUTHFIELD, Mich., Feb. 29, 2016 (GLOBE NEWSWIRE) -- Federal-Mogul Holdings Corporation (NASDAQ: FDML) (Federal-Mogul) today announced that it has received a proposal from its majority shareholder, Icahn Enterprises L.P. (IEP), to purchase the shares of Federal-Mogul common stock not owned by IEP in a merger transaction pursuant to which the Federal-Mogul shareholders would receive $7 in cash for each of their Federal-Mogul shares, subject to the conditions set forth in the letter below to the Federal-Mogul Board of Directors.
Consistent with its fiduciary duties, the Federal-Mogul Board will appoint a special committee of independent directors... More
