# Tenneco to acquire Federal-Mogul for $5.4 billion, plans split into two companies

Tenneco signed a definitive agreement to acquire Federal-Mogul from Icahn Enterprises for $5.4 billion. The acquisition will be followed by a separation into two independent public companies: an aftermarket and ride performance company, and a powertrain technology company.

- Type: Acquisition
- Announced: 2018-04-10
- Where: United States
- Value: $5.40B
- Status: announced
- Products: ride performance products, clean air products, aftermarket parts, powertrain systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Tenneco](https://endata.com/companies/13375.md) (acquirer)
- [Icahn Enterprises](https://endata.com/companies/16644.md) (investor)
- [Federal-Mogul Holdings](https://endata.com/companies/16645.md) (target)

## Sources

- [tenneco.com](https://www.tenneco.com/news-and-features/newsroom/archive/2018/04/tenneco-to-create-two-independent-public-companies-with-acquisition-of-federal-mogul), 2018-04-10: "Transformational acquisition accelerates long-term value creation by creating two focused, purpose built industry leaders in their respective markets with greater scale, and strategic and financial flexibility."
- [autonews.com](https://www.autonews.com/article/20180410/OEM10/180419982/tenneco-to-buy-federal-mogul-in-5-4-billion-deal-then-split-into-2-companies/), 2018-04-10: "Tenneco to buy Federal-Mogul in $5.4 billion deal, then split into 2 companies"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.