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This article was originally published on TipRanks.com. The post Apollo Funds to Acquire Tenneco for $7.1B; Shares Surge 94% appeared first on Smarter Analyst .

NEW YORK, Feb. 23, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Tenneco Inc. (NYSE: TEN)''s sale to funds…

Stocks that traded heavily or had substantial price changes Wednesday: Lowe’s Tenneco rise; CoStar Group, TJX fall

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.

Tenneco (NYSE:TEN) is scheduled to announce Q4 earnings results on Thursday, February 24th, before market open.The consensus EPS Estimate is $0.23 (-86.3% Y/Y) and the consensus…

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

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 vehicles, commercial trucks, motorsport and the aftermarket. The deal is expected to close in the second half of the year. It still needs approval from Tenneco shareholders. Separately, the Lake Forest-based company said it swung to a quarterly loss of $35 million, or 42 cents a share.

Tenneco suffered a surprise loss, but Apollo will buy it anyway.

Tenneco suffered a surprise loss, but Apollo will buy it anyway.

Apollo is offering $20 per share for the company, more than double the company''s closing stock price of $9.98 on Tuesday.

Tenneco (NYSE: TEN) has announced that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo (NYSE: APO) in an all-cash transaction with an enterprise valuation of approximately US$7.1 billion, including debt. Latham & Watkins LLP represents Tenneco in the transaction with a cross-border deal team led by Chicago M&A partners Bradley Faris and Max Schleusener, with associates William Nahill, Tyler Neal, and Jack DeMeulenaere, and with assistance from Chicago partner Mark Gerstein. Advice was also provided on intellectual property matters by New York partner Jeffrey Tochner, with associate Max Miroff; on real The post Latham & Watkins Advises Tenneco in US$7.1 Billion Acquisition by Apollo Funds appeared first on Legal Desire .

Shares of Tenneco Inc (NYSE: TEN) nearly doubled on Wednesday after Apollo Global Management Inc said it will buy the automotive components manufacturer for $1.64 billion in cash. Details of the $20 a

Tenneco Inc (NYSE: TEN ) is trading Full story available on Benzinga.com