Tenneco (TEN) Lags on Q4 Earnings, Announces Its Buyout by Apollo

05:19pm, Thursday, 24'th Feb 2022 Zacks Investment Research
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.
Apollo Global (APO) on Thursday introduced a sustainable investing platform with a focus on energy transition and decarbonization investments. Furthermore, the platform will span…
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.
Apollo Names Olivia Wassenaar, Head of Sustainable Investing, to Lead Efforts Across Multi-Asset Investment Strategy
Apollo Global Management Inc , a manager of alternative assets, launched a sustainable investing platform on Thursday, targeting the deployment of $50 billion in decarbonization and energy transition opportunities over the next five years.
Apollo Funds and VICI Simultaneously Enter Long-term Real Estate Triple Net Lease Apollo Funds and VICI Simultaneously Enter Long-term Real Estate Triple Net Lease

Wednesday's Winners and Losers Show What Investors Want Now

05:47pm, Wednesday, 23'rd Feb 2022 The Motley Fool
Is market sentiment reversing again?
Auto supplier stocks outperformed on Wednesday after another blockbuster M&A deal was announced with Apollo Global acquiring Tenneco. Read more.
Tenneco''s announced $20/share sale to private equity firm Apollo Global (APO) reads well for ICE-leveraged peers Dana Inc. (DAN) and BorgWarner Inc

Why Tenneco Stock Almost Doubled Today

04:53pm, Wednesday, 23'rd Feb 2022 The Motley Fool
Tenneco suffered a surprise loss, but Apollo will buy it anyway.
Shares of TEN stock nearly doubled this morning after reports surfaced that Apollo Global would take the car components company private.

Tegna (TGNA) Agrees to be Taken Over by Standard General

03:54pm, Wednesday, 23'rd Feb 2022 Zacks Investment Research
Tegna (TGNA) announces that it has agreed to be acquired by a Standard General affiliate for $8.6 billion enterprise value.

Apollo taking manufacturer Tenneco private at fat premium

01:38pm, Wednesday, 23'rd Feb 2022 MarketWatch
Private-equity firm pays roughly double Tenneco's closing share price in a deal that values the clean air and powertrain system manufacturer at $7.1 billion.
Is market sentiment reversing again?

Apollo agrees to take Tenneco private for $7.1 billion

12:17pm, Wednesday, 23'rd Feb 2022 MarketWatch
Apollo Global Management Inc. said Wednesday it agreed to buy Tenneco Inc. for $20 a share, a 100.4% premium over the stock''s closing price of $9.98 a share on Tuesday. The deal values Lake Forest Ill.-based Tenneco at about $7.1 billion, including debt. The manufacturer of clean air, powertrain and ride performance products and systems said the deal will maximize shareholder value. Apollo partner Michael Reiss is leading the transaction for the private equity firm. Shares of Tenneco rallied 90.3% in premarket trades. Not counting Wednesday''s moves, the stock was down 11.7% so far in 2022, compared to a drop of 9.7% by the S&P 500. Apollo shares are down 12.7% this year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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