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GM Building General Motors Building, 767 Fifth Ave., where Icahn Enterprises is headquartered.

NEW YORK CITY—Icahn Enterprises completed two whopping transactions on the same day. The New York City-headquartered conglomerate closed on the sale of Federal-Mogul to Tenneco, comprising $800 million in cash and 29.5 million shares of Tenneco common stock. That deal was valued at $5.4 billion when Icahn first announced it in April. It also closed on the sale of Tropicana Entertainment to Gaming and Leisure Properties and Eldorado Resorts for approximately $1.85 billion.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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