Tenneco to Create Two Independent, Public Companies with Acquisition of Federal-Mogul
Tenneco Inc. Class A Voting (TEN)
Last tenneco inc. class a voting earnings: 2/20 06:00 am
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Source: Business Wire
Aftermarket & Ride Performance Company; Powertrain Technology Company Transformational acquisition accelerates long-term value creation by creating two focused, purpose built industry leaders in their respective markets with greater scale, and strategic and financial flexibility. Brings together complementary businesses - the aftermarket and ride performance company will include Tenneco Ride Performance and Federal-Mogul Motorparts, and the powertrain technology company will include Tenneco Clean Air and Federal-Mogul Powertrain. The aftermarket & ride performance original equipment company will be one of the world’s leading multi-line aftermarket and OE suppliers with: Premier aftermarket brands, broad product coverage and strong distribution; A strong portfolio of OE braking and advanced s
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