2022-11-17 08:48:26 APO Apollo Global
11/17/22 11/1708:48 11/17/2208:48 | Apollo funds complete acquisition of TennecoTenneco and Apollo announced that funds managed by Apollo affiliates have completed the previously announced acquisition of Tenneco. Veteran executive Jim Voss has been appointed CEO of Tenneco, effective immediately and as previously announced. Pursuant to the terms of the transaction, an affiliate of the Apollo Funds acquired all of the outstanding shares of Tenneco stock. Tenneco shareholders are entitled to receive $20.00 in cash for each share of Tenneco common stock owned. As a result of the transaction completion, Tenneco's common stock no longer trades on the New York Stock Exchange. |
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