What does the company Tenneco do?
Tenneco (NYSE: TEN) is one of the world’s leading designers, manufacturers and marketers of automotive products for original equipment and aftermarket customers, with full year 2021 revenues of $18 billion and approximately 71,000 team members working at more than 260 sites worldwide.
Who bought Tenneco?
Apollo Funds
23, 2022 /PRNewswire/ — Tenneco (NYSE: TEN) announced today it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo (NYSE: APO) (the “Apollo Funds”) in an all-cash transaction with an enterprise valuation of approximately $7.1 billion , including debt.
What industry is Tenneco?
Auto parts
Tenneco
| Type | Public |
|---|---|
| Industry | Auto parts |
| Founded | 1940 |
| Headquarters | Lake Forest, Illinois |
| Key people | Brian Kesseler, CEO Matti Masonovich, CFO Thomas Sabatino Senior Vice President and General Counsel |
Is Tenneco a good company to work for?
Is Tenneco a good company to work for? Tenneco has an overall rating of 3.3 out of 5, based on over 1,111 reviews left anonymously by employees. 55% of employees would recommend working at Tenneco to a friend and 43% have a positive outlook for the business.
Did Tenneco sell to Apollo?
Feb 28 (Reuters) – Apollo Global Management Inc (APO. N) negotiated a carve-out earlier this month in its agreement to acquire auto parts maker Tenneco Inc (TEN. N) for $7.1 billion, including debt, that allows it to sidestep regulatory approval from Russia and Ukraine, a regulatory filing shows.
Why is Tenneco stock going up?
Shares of auto parts manufacturer Tenneco (NYSE: TEN) exploded higher on Wednesday, up 94% as of 11 a.m. ET after the company reported an unexpected net loss for its fiscal fourth quarter 2021. The loss wasn’t the reason why Tenneco stock went up, of course. The reason for that was Apollo Global Management (NYSE: APO).
Why is Tenneco stock falling?
Shares of Tenneco ( TEN -0.28% ), a designer and manufacturer of aftermarket technology solutions for multiple vehicle markets, dropped more than 12% Wednesday afternoon after the market absorbed uncertainty surrounding the company’s delay in the spinoff of its DRiV business.
Where are Tenneco shocks made?
Tenneco Automotive Opens New Manufacturing Facility In Ermua, Spain. LAKE FOREST, ILLINOIS, APRIL 9, 2001 – Tenneco Automotive (NYSE: TEN) announced today that it has opened a new manufacturing facility in Ermua, Spain to produce shock absorbers, struts, and ride control modules.
Is Tenneco laid off?
North America: Tenneco has eliminated approximately 100 salaried positions and 660 hourly positions across its North America businesses through voluntary and involuntary severance programs year-to-date in response to declining industry conditions.
What kind of drug test does Tenneco use?
They check your hair or urine test.