FEDERAL MOGUL CORP
424B3, 1999-05-17
MOTOR VEHICLE PARTS & ACCESSORIES
Previous: FEDERAL MOGUL CORP, 10-Q, 1999-05-17
Next: PH GROUP INC, 10QSB, 1999-05-17



<PAGE>
 
                                Prospectus Supplement filed under Rule 424(b)(3)
                                                      Registration No. 333-53853



                             Prospectus Supplement


     This prospectus Supplement supplements the information regarding Selling
Shareholders found in the Prospectus Supplements filed Federal Mogul Ignition
May 12, 1999, March 9, 1999, February 12, 1999, October 21, 1998 and September
18, 1998, which supplement the Prospectus dated July 9, 1998 relating to the
offer for resale of $11,500,000 in aggregate liquidation preference of 7% Trust
Convertible Preferred Securities (the "Convertible Preferred Securities"),
liquidation amount $50 per Convertible Preferred Security.  The Convertible
Preferred Securities represent undivided beneficial interests in the assets of
Federal-Mogul Financing Trust, a statutory business trust created under the laws
of the State of Delaware and the shares of Common Stock, without par value of
Federal-Mogul Corporation, a Michigan corporation, issuable upon conversion of
the Convertible Preferred Securities.  Capitalized terms herein are used as
defined in such prospectus.


     Additional Selling Shareholders (believed to be transferors of Selling
Shareholders listed in the table found in the Prospectus Supplement filed
September 18, 1998, listing Selling Shareholders as of June 15, 1998) have
contacted the Company since the date thereof with the following information
relating to Convertible Preferred Securities held as of May 17, 1999.


                                                     Number of
                                                     Preferred
               Additional Selling Holder             Securities
               -------------------------             ----------

     McMahan Securities Co. L.P...................      750



     Such Selling Holder has not within the past three years, had any position,
office or other material relationship with the Trust or the Company or any of
their predecessors or affiliates.  Because the Selling Holder may, pursuant to
this Prospectus, offer all or some portion of the Convertible Preferred
Securities, the Convertible Subordinated Debentures or the Federal-Mogul Common
Stock issuable upon conversion of the Convertible Preferred Securities, no
estimate can be given as to the amount of the Convertible Preferred Securities,
the Convertible Subordinated Debentures or the Federal-Mogul Common Stock
issuable upon conversion of the Convertible Preferred Securities that will be
held by the Selling Holder upon termination of any such sales.  In addition, the
Selling Holder identified above may have sold, transferred or otherwise disposed
of all or a portion of its Convertible Preferred Securities, since the date on
which it provided the information regarding its Convertible Preferred
Securities, in transactions exempt from the registration requirements of the
Securities Act.   See "Plan of Distribution".

     The date of this Prospectus Supplement is May 17, 1999.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission