# 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.

- Type: Acquisition
- Announced: 2018-09-12
- Where: United States
- Value: $5.40B
- Status: announced
- Products: auto parts, powertrain technology, replacement parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [prod.crainsdetroit.com](https://prod.crainsdetroit.com/manufacturing/tenneco-shareholders-ok-54-billion-federal-mogul-acquisition), 2018-09-12: "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."

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