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Benzinga
Benzinga
Business
Adam Eckert

UNCOVERED: Why tenneco shares are soaring today | History Defined

Tenneco TEN Apollo NYSE

Tenneco Inc (NYSE:TEN) is trading higher Wednesday after the company announced it will be acquired by Apollo Funds for $20 per share.

The deal is an all-cash transaction with an enterprise valuation of approximately $7.1 billion. The transaction is expected to close in the second half of 2022. Upon completion, Tenneco will become a private company. 

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