Tenneco shareholders approve $5.4B acquisition of Federal-Mogul

Tenneco shareholders approved the $5.4 billion acquisition of Federal-Mogul, an auto parts maker. The deal is expected to close on October 1, 2018, with a subsequent split into two companies.

“The acquisition is a step toward their ultimate goal of separating back into two new public companies — one focused on replacement auto parts and the other on powertrain technology.”prod.crainsdetroit.com

• 1 source
• prod.crainsdetroit.comTenneco shareholders OK $5.4 billion Federal-Mogul acquisition | Crain's Detroit BusinessSep 12, 2018

Summarized from public sources; check the original articles before acting on it.