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Tenneco Inc (TEN.N)

TEN.N on New York Stock Exchange

42.69USD
13 Aug 2018
Change (% chg)

$-0.11 (-0.26%)
Prev Close
$42.80
Open
$42.85
Day's High
$43.17
Day's Low
$42.50
Volume
165,389
Avg. Vol
157,440
52-wk High
$65.50
52-wk Low
$41.64

Latest Key Developments (Source: Significant Developments)

DG For Competition Of European Commission Issued Clearance Of Tenneco's Transaction To Acquire Federal-Mogul
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Icahn Enterprises LP ::TENNECO SAYS ON AUG. 6, THE DG FOR COMPETITION OF THE EUROPEAN COMMISSION ISSUED CLEARANCE OF CO'S TRANSACTION TO ACQUIRE FEDERAL-MOGUL - SEC FILING.  Full Article

Tenneco Board Selects Brian Kesseler, Roger Wood As CEOs Of Future Independent Companies
Monday, 23 Jul 2018 

July 23 (Reuters) - Tenneco Inc ::TENNECO BOARD SELECTS BRIAN KESSELER, ROGER WOOD AS CEOS OF FUTURE INDEPENDENT COMPANIES.TENNECO - AFTER FEDERAL-MOGUL DEAL CLOSING, & PRIOR TO SEPARATION, KESSELER & WOOD TO SERVE AS CO-CEOS OF TENNECO, LEADING THEIR RESPECTIVE BUSINESSES.TENNECO INC - KESSELER, TENNECO'S CURRENT CEO WILL BECOME CHAIRMAN AND CEO OF AFTERMARKET AND RIDE PERFORMANCE COMPANY.TENNECO INC - WOOD WILL BECOME CHAIRMAN AND CEO OF NEW POWERTRAIN TECHNOLOGY COMPANY.  Full Article

Tenneco Sets Quarterly Cash Dividend Of $0.25 Per Share
Friday, 20 Jul 2018 

July 20 (Reuters) - Tenneco Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.25PER SHARE.  Full Article

Tenneco To Withdraw Chicago Stock Exchange Listing
Friday, 29 Jun 2018 

June 29 (Reuters) - Tenneco Inc ::TENNECO TO WITHDRAW CHICAGO STOCK EXCHANGE LISTING.TENNECO INC - COMPANY RETAINS NEW YORK STOCK EXCHANGE LISTING.TENNECO INC - WITHDRAWAL IS EXPECTED TO BECOME EFFECTIVE ON OR ABOUT JULY 23, 2018.  Full Article

Tenneco Names Jason Hollar Chief Financial Officer
Friday, 18 May 2018 

May 18 (Reuters) - Tenneco Inc ::TENNECO NAMES JASON HOLLAR CHIEF FINANCIAL OFFICER.TENNECO INC - JASON HOLLAR WILL SUCCEED KEN TRAMMELL.  Full Article

Tenneco Announces Reporting Segment Changes
Friday, 27 Apr 2018 

April 27 (Reuters) - Tenneco Inc ::TENNECO ANNOUNCES REPORTING SEGMENT CHANGES.TENNECO - COMPANY WILL NOW REPORT RESULTS IN THREE SEGMENTS, CLEAN AIR, RIDE PERFORMANCE AND AFTERMARKET.  Full Article

Tenneco Reports Q1 Adjusted Earnings Per Share Of $1.58
Friday, 27 Apr 2018 

April 27 (Reuters) - Tenneco Inc ::TENNECO REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.58.Q1 EARNINGS PER SHARE $1.13.Q1 REVENUE $2.574 BILLION VERSUS I/B/E/S VIEW $2.42 BILLION.Q1 EARNINGS PER SHARE VIEW $1.69 -- THOMSON REUTERS I/B/E/S.EXPECTS CONSTANT CURRENCY TOTAL REVENUE GROWTH OF 8% IN Q2 2018.REAFFIRMED ITS 2018 FULL YEAR OUTLOOK.  Full Article

Federal Mogul Izmit Says Tenneco Signs Agreement To Acquire Federal Mogul Sirketler Group
Wednesday, 11 Apr 2018 

April 11 (Reuters) - FEDERAL MOGUL IZMIT PISTON VE PIM URETIM TESISLERI AS ::TENNECO INC SIGNS (NOT SING) AGREEMENT TO ACQUIRE FEDERAL MOGUL SIRKETLER GROUP.TAKEOVER EXPECTED TO BE CONCLUDED IN SECOND HALF OF 2018.  Full Article

Tenneco To Buy Federal-Mogul For $5.4 Bln
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Tenneco Inc::TENNECO TO CREATE TWO INDEPENDENT, PUBLIC COMPANIES WITH ACQUISITION OF FEDERAL-MOGUL.DEAL FOR A TOTAL CONSIDERATION OF $5.4 BLN.INTENTION TO SEPARATE COMBINED BUSINESSES INTO 2 INDEPENDENT, PUBLICLY TRADED COMPANIES.FEDERAL-MOGUL IS BEING ACQUIRED FROM ICAHN ENTERPRISES L.P..DEAL TO BE FUNDED THROUGH CASH, TENNECO EQUITY AND ASSUMPTION OF DEBT.INTENTION TO SEPARATE COMBINED BUSINESSES THROUGH A TAX-FREE SPIN-OFF TO SHAREHOLDERS.ACQUISITION EXPECTED TO BE VALUE ACCRETIVE AND GENERATE SYNERGY OPPORTUNITIES OF AT LEAST $200 MLN IN ANNUAL EARNINGS.TO BUY FEDERAL-MOGUL THROUGH $800 MLN IN CASH, 5.7 MLN SHARES OF TENNECO CLASS A COMMON STOCK, AMONG OTHERS.PUT IN PLACE COMMITTED DEBT FINANCING TO FUND DEAL THAT WILL REPLACE EXISTING SENIOR CREDIT FACILITIES,SOME SENIOR FACILITIES AT FEDERAL-MOGUL.TO BUY FEDERAL-MOGUL ALSO THROUGH 23.8 MLN SHARES OF NON-VOTING TENNECO CLASS B COMMON STOCK AND ASSUMPTION OF DEBT.CAN REDUCE NUMBER OF SHARES OF CLASS B NON-VOTING STOCK BY UP TO 7.3 MLN SHARES, INCREASE CASH CONSIDERATION PROPORTIONATELY AT DEAL CLOSING.DEAL INCLUDES SEPARATION OF AFTERMARKET & RIDE PERFORMANCE AND POWERTRAIN TECHNOLOGY COMPANIES.WITH DEAL, AFTERMARKET AND RIDE PERFORMANCE COMPANY WILL INCLUDE TENNECO RIDE PERFORMANCE AND FEDERAL-MOGUL MOTORPARTS.WITH DEAL, POWERTRAIN TECHNOLOGY COMPANY WILL INCLUDE TENNECO CLEAN AIR AND FEDERAL-MOGUL POWERTRAIN.  Full Article

Tenneco Q3 adjusted earnings per share $1.67
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Tenneco Inc :Tenneco reports third quarter 2017 results.Q3 earnings per share $1.45.Q3 revenue $2.3 billion versus i/b/e/s view $2.23 billion.Q3 adjusted earnings per share $1.67.Sees q4 revenue up about 7 percent.Q3 earnings per share view $1.59 -- Thomson Reuters I/B/E/S.Tenneco inc- ‍on a constant currency basis, total revenue increased 6% to $2.223 billion in quarter​.tenneco-‍in q4, co sees y-o-y revenue growth about 7%, or 3% in constant currency, outpacing estimated light vehicle industry production growth of 1%​.Tenneco inc - ‍for fy, co sees revenue growth of about 7%, in constant currency 6%, outpacing estimated light vehicle industry production growth of 2%​.  Full Article

EU mergers and takeovers (Aug 7)

BRUSSELS, Aug 7 The following are mergers under review by the European Commission and a brief guide to the EU merger process: