BALA CYNWYD, Pa., Feb. 29, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Federal-Mogul Holdings Corporation ("Federal-Mogul" or "the Company") (Nasdaq- FDML-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to its majority shareholder, Icahn Enterprises L.P. ("Icahn Enterprises").
Click here to learn more about the investigation http://brodsky-smith.com/1043-fdml-federal-mogul-holdings-corporation.html, or call 877-534-2590. There is cost or obligation to you.
Under the terms of the transaction, Federal-Mogul shareholders will receive only $7.00 in cash for each share of Federal-Mogul stock they own. The investigation concerns whether the Board of Federal-Mogul breached their fiduciary duties to shareholders and whether Icahn Enterprises is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many Federal-Mogul shareholders. For example, Federal-Mogul stock traded at $8.68 per share as recently as November 4, 2015 and traded at $15.37 per share on February 5, 2015. In addition, an analyst has set a $9.00 per share price target for Federal-Mogul stock.
If you own shares of Federal-Mogul and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1043-fdml-federal-mogul-holdings-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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