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Icahn sells Federal-Mogul stock

Carl Icahn's High River LP investment partnership sold almost 2 million shares of its Federal-Mogul Corp. stock this month, Bloomberg News Service reported. The move dropped the stake Icahn and his related businesses have in Federal-Mogul to 3.8 percent, from 6.4 percent.

A U.S. Securities and Exchange Commission filing cited the shares were sold "in light of" Federal-Mogul's filing for Chapter 11 bankruptcy protection on Oct. 1. Federal-Mogul, a Southfield, Mich., supplier of engine components, seals and lighting, sought court protection because of asbestos liabilities inherited from its 1998 acquisition of piston maker T&N PLC.

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