Gabelli and Icahn are dueling over Federal-Mogul shares

Josh Kosman
Fri, 09 Sep 2016 00:46:41 -0400

Carl Icahn may not make a clean getaway with his $9.25-a-share offer for Federal-Mogul. Billionaire investor Mario Gabelli, who owns 36 percent of the non-Icahn slice of the auto-parts maker, appears to be angling for $13 a share, according to a report from the investor’s company. “We don’t view the long-term profit outlook for that...