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Icahn to sell Federal-Mogul to Tenneco for $5.4 billion

4-traders : one website, all markets

Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc in a $5.4 billion deal, unloading an investment he has held for nearly two decades and picking up a new stake in Tenneco.

Mentions: Investment Carl Icahn Ford