Icahn ownership may bring synergies but no new mergers, says Federal-Mogul

Carl Icahn has fulfilled his mission of acquiring Federal-Mogul, though he ended up paying more than he originally intended. On 19 January, his company Icahn Enterprises confirmed that 17,615,621 shares were tendered in its offer to shareholders of US$10/share. Combined with the shares it already held, the latest move gives Icahn 92.4% of the outstanding shares.