Federal-Mogul to spin off Motorparts division  [ USA ]

Federal-Mogul Holdings Corporation announced its plan to separate its Powertrain and Motorparts divisions into two independent, publicly-traded companies. The planned separation will be implemented through a tax-free distribution of Federal-Mogul's Motorparts division to shareholders of Federal-Mogul Holdings Corporation. Federal-Mogul Motorparts sells and distributes a broad portfolio of produ...