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TEN - Tenneco gains as China review of sale to Apollo filed under 'simplified procedure'
Tenneco Inc. Class A Voting
Tenneco Inc. (NYSE:TEN) rose 4.5% after a disclosure the company's $20/share sale to Apollo Global (APO) was filed under "simplified procedure" for China's antitrust review. The comment deadline for China's State Administration for Market Regulation or SAMR is May 19, according to a filing on the regulator's website. In late February, Tenneco (TEN) agreed to be acquired by Apollo (APO) in a $7.1B deal.