IEH FM Holdings purchases 19,108,280 common shares at $7.85 per share
By Devika Patel
Knoxville, Tenn., Dec. 3 - Federal-Mogul Corp. negotiated a $150 million private placement of stock with IEH FM Holdings LLC on Dec. 3, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 19,108,280 common shares at $7.85 per share, which is a 0.13% discount to the Nov. 30 closing share price of $7.86.
Federal-Mogul is a Southfield, Mich., auto parts manufacturer.
| Issuer: | Federal-Mogul Corp.
|
| Issue: | Common shares
|
| Amount: | $150 million
|
| Units: | 19,108,280
|
| Price: | $7.85
|
| Warrants: | No
|
| Investor: | IEH FM Holdings LLC
|
| Pricing date: | Dec. 3
|
| Stock symbol: | Nasdaq: FDML
|
| Stock price: | $7.86 at close Nov. 30
|
| Market capitalization: | $723.98 million
|
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