Apollo Global Management acquires Tenneco for USD7.1 billion
The New York asset management firm intends to take Tenneco private and invest across its high-growth product platforms.
US automotive OEM components and aftermarket ride control and emission products manufacturer Tenneco announced via press release on 23 February that it had entered into a definitive agreement to be acquired by New York–based global asset management firm Apollo Funds in an all-cash transaction valued at USD7.1 billion.
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