SOUTHFIELD, Mich. (June 21)—Carl Icahn revealed in a June 13 filing with the Securities and Exchange Commission that he has raised his ownership stake in seals maker Federal-Mogul Corp. and likely will contact the supplier about ways of creating shareholder value. Between May 26 and June 12, Icahn purchased an additional 855,800 shares in the supplier, raising his holdings to 6.4 percent from 5.2 percent. Initially, Icahn said his purchase was for investment purposes only.
Icahn increases share in Federal-Mogul
Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].