Tag Archives: TEN

Tenneco (TEN), mcap=$1.6bn, price $19.24 vs $17.52

Getting acquired by $APO at $20/share in cash.
14% spread with closing expected in Q3’22.
Regulatory approvals are unlikely to be an issue – the key ones have already been received and others are on track.
Buyers are unlikely to walk away cause of deteriorating economic conditions or rising interest rates.