US: Federal-Mogul suitors dwindle in number

According to a Reuters report, private equity firms Carlyle Group and Apollo Global Management have withdrawn interest in acquiring ownership of Federal-Mogul, reducing the field of potential bidders for the company. In late March 2011, Federal-Mogul confirmed that it had retained Lazard to assist the company in "evaluating strategic alternatives to Subscribe to Automotive World … Continued

• By Webmaster
• May 18, 2011