January 2, 2008 -- Federal-Mogul Corp., a major auto-parts supplier, Wednesday said it emerged from Chapter 11 bankrupcy-court protection on Dec. 27, with plans for a public listing of its shares.

The company entered bankruptcy in October 2001.

As part of its reorganization plan, Federal-Mogul issued 49.9 million Class A common shares to holders of its pre-bankruptcy notes and certain other unsecured claims. It also issued 50.1 million Class B common shares.

Federal-Mogul said it intends in the near term to have its Class A stock listed.

Source: Dow Jones News Service