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FEDERAL-MOGUL SELLS 6,250,000 SHARES OF COMMON STOCK

 SOUTHFIELD, Mich., April 20 /PRNewswire/ -- Federal-Mogul Corporation (NYSE: FMO) today announced the public offering of 6,250,000 shares of its common stock at a price of $19.375 in simultaneous United States and international offerings.
 Of the total shares offered, 5,300,000 were sold in the United States and 950,000 shares were sold outside the United States in the international offering. The First Boston Corporation, Donaldson, Lufkin & Jenrette Securities Corporation and Lehman Brothers are managers of the U.S. offering. Credit Suisse First Boston Limited, BHF-BANK, Donaldson, Lufkin & Jenrette Securities Corporation and Lehman Brothers International are managers of the international offering. The company has also granted the underwriters and managers an option to purchase up to an additional 750,000 shares to cover over-allotments, if any.
 The company will use the net proceeds of the offering to repay debt, including debt incurred for the acquisition of TRW's automotive aftermarket business in October 1992, and for general corporate purposes.
 Headquartered in Southfield, Federal-Mogul is a global distributor and manufacturer of a broad range of precision parts primarily for automobiles, light trucks, heavy trucks, and farm and construction vehicles. It operates 34 plants, more than 70 distribution centers and four major research centers around the world.
 -0- 4/20/93
 /CONTACT: Lonnie Ross of Federal-Mogul Corporation, 313-354-9934/
 (FMO)


CO: Federal-Mogul Corporation ST: Michigan IN: AUT SU: OFR

DH -- DE008 -- 7928 04/20/93 10:29 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
Words:237
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