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Federal-Mogul Corp Announces Completion Of Rights Offering


Thursday, 11 Jul 2013 08:31am EDT 

Federal-Mogul Corp announced the completion of its previously announced common stock rights offering. The subscription period for the rights offering expired on July 9, 2013. Subscription rights to purchase 51,124,744 shares of Federal-Mogul's common stock (the full amount of the offering) were exercised. The rights offering resulted in gross proceeds to Federal-Mogul of approximately $500 million. 

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