TEN - Tenneco sale to Apollo Poly sale to HP get China antitrust approval
Tenneco (NYSE:TEN) planned sale to Apollo Group (NYSE:APO) and Poly (NYSE:POLY) sale to HP (NYSE:HPQ) both received approval from China's antitrust regulator. Tenneco rose 1.1% in premarket trading. China's State Administration for Market Regulation approved the deals, according to listings on its website. HP (HPQ) agreed to acquire Poly (POLY) for $40/share in late March. In late February, Tenneco (TEN) agreed to be acquired by Apollo (APO) in a $7.1B deal. Recall last month, Tenneco gains as China review of sale to Apollo filed under "simplified procedure."
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Tenneco sale to Apollo, Poly sale to HP get China antitrust approval