Tenneco Inc. Class A Voting (TEN) News
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TEN News Highlights
- TEN's 30 day story count now stands at 30.
- Over the past 16 days, the trend for TEN's stories per day has been choppy and unclear. It has oscillated between 1 and 18.
- The most mentioned tickers in articles about TEN are APO, PAY and BEAT.
Latest TEN News From Around the Web
Below are the latest news stories about Tenneco Inc that investors may wish to consider to help them evaluate TEN as an investment opportunity.
Tenneco press release (NYSE:TEN): Q4 Non-GAAP EPS of -$0.11. Revenue of $4.4B (-5.4% Y/Y). Tenneco has cancelled the earnings conference call previously scheduled for February 24. In addition, the Company is not providing financial guidance for 2022 as a result of the pending transaction....
Tenneco (TEN) has been a challenging situation for some time, as the company’s original plan from 2018 to acquire Federal Mogul and then split the company could never be executed due to weak margins and untenably high leverage. Management has since been executing on a turnaround program targeting over a...
Shares of original equipment manufacturer (OEM) Tenneco, Inc. (NYSE: TEN) jumped almost 94% after it was revealed that funds managed by affiliates of Apollo (NYSE: APO) have signed an agreement to acquire the company for around $7.1 billion in cash. The offer price of $22 per share represents a premium of 100.4% over the closing price of Tenneco’s shares on February 22. Commenting on the deal, Dennis Letham, the Chairman of Tenneco’s Board, said, “We believe this transaction is the right path forward and achieves our goal of maximizing value for Tenneco shareholders, and will benefit our team members, customers and business partners around the world.
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Tenneco (TEN) slips to a loss in fourth-quarter 2021 on downsized EBITDA in two of its segments. The cmpany announces its acquisition by Apollo in a $7.1-billion deal.
Shares of TEN stock nearly doubled this morning after reports surfaced that Apollo Global would take the car components company private.
Vertiv (VRT) stock isn't doing so hot on Wednesday following the release of the manufacturing company's earnings report for Q4 2021.
Automotive parts maker Tenneco is being taken private by funds managed by affiliates of private equity firm Apollo in an all-cash deal valued at about $7.1 billion.
Lake Forest-based Tenneco will continue to operate under its name and brand after being acquired by private equity firm Apollo. | Timothy A. Clary/Getty The auto parts maker employs 71,000 people at 260 sites worldwide and supplies markets including light vehicles, commercial trucks, motorsport and the aftermarket. Automotive parts maker Tenneco is being taken private by funds managed by affiliates of private equity firm Apollo in an all-cash deal valued at about $7.1 billion. The transaction includes the assumption of Tenneco’s debt. Apollo will pay $20 per Tenneco Inc. share, double from Tenneco’s closing price Tuesday of $9.98. Tenneco will continue to operate under its name and brand. The company employs 71,000 people at 260 sites worldwide and supplies markets including light vehic...
Stocks that traded heavily or had substantial price changes Wednesday: Lowe’s Tenneco rise; CoStar Group, TJX fall