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Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:36 EDTFDMLFederal-Mogul reports Q4 EPS (13c), may not compare to consensus 22c
Reports Q4 revenue $1.69B, consensus $1.69B.
News For FDML From The Last 14 Days
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September 10, 2014
08:49 EDTFDMLTRW signs agreement to divest engine valve unit to Federal-Mogul
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08:47 EDTFDMLFederal-Mogul to purchase engine valve business of TRW Automotive
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September 3, 2014
08:37 EDTFDMLFederal-Mogul volatility expected to move, plans to separate into two companies
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08:35 EDTFDMLFederal-Mogul announces plans to separate into two companies
Federal-Mogul announced its plan to separate its Powertrain and Motorparts divisions into two independent, publicly-traded companies serving the global original equipment and aftermarket industries. The planned separation will be implemented through a tax-free distribution of Federal-Mogul's Motorparts division to shareholders of Federal-Mogul Holdings Corporation. Completion of the transaction is subject to customary conditions, including among others, Federal-Mogul's receipt of an IRS ruling or opinion of counsel to the effect that the distribution will qualify as a transaction that is generally tax-free for U.S. Federal Income tax purposes; as well as effectiveness of a Form 10 Registration Statement filed with the SEC. No assurances can be given regarding the ultimate timing of the separation or that it will be consummated, however the company's objective is to complete the spin-off of Federal-Mogul Motorparts in the first half of 2015.
08:33 EDTFDMLFederal-Mogul announces plans to separate into two companies

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