Brief: Tenneco To Be Acquired By Apollo Funds

Tsakos Energy Navigation

23/02/2022 12:18

Feb 23 (Reuters) - Tenneco Inc  TEN.N :
    * TENNECO TO BE ACQUIRED BY APOLLO FUNDS
    * TENNECO INC - ALL-CASH TRANSACTION WITH AN ENTERPRISE
VALUATION
OF APPROXIMATELY $7.1 BILLION, INCLUDING DEBT
    * TENNECO INC - PURCHASE PRICE OF $20.00 PER SHARE
    * TENNECO INC - TENNECO WILL CONTINUE TO OPERATE UNDER
TENNECO
NAME AND BRAND AND MAINTAIN A GLOBAL PRESENCE
    * TENNECO INC - TRANSACTION IS NOT SUBJECT TO A FINANCING
CONDITION

Source text for Eikon:  ID:nPnbr9JnBa 
Further company coverage:  TEN.N 

 ((Reuters.Briefs@thomsonreuters.com;))