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Icahn Enterprises L.P. ("Icahn
Enterprises")
IEP today announced a registered public offering of
depositary units representing limited partner interests in Icahn Enterprises.
Icahn Enterprises intends to grant the underwriters an option for 30 days to
purchase additional depositary units. The proceeds from the offering will be
used solely to effect the recapitalization of Federal-Mogul, which may include
the purchase of Icahn Enterprises' pro rata share of the common stock to be
issued by Federal-Mogul pursuant to its rights offering launched June 7, 2013,
if consummated, or any other use of capital that results in the proceeds of
the offering being used to recapitalize Federal-Mogul.
Credit Suisse, UBS Investment Bank and Jefferies are acting as the joint
book-running managers for the offering. Citigroup, Keefe, Bruyette & Woods,
KeyBanc Capital Markets, Oppenheimer & Co. and Wunderlich Securities are
acting as the co-managers for the offering.
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