TEN News and Press, Tenneco Inc. Class A Voting From 07/21/22

Tenneco ( NYSE: TEN ) ticked down 0.2% on a report that banks have delayed the $5.4 billion financing for a buyout of the autopart supplier. A group of banks led by Citigroup and Bank of America postponed the start of leveraged loan and high-yield bond offerings until ...

FERODO Racing Brings Performance Braking Expertise to Conventional and Electric Bicycles PR Newswire New FERODO Brake Pads, Discs and Fluid Now Available for Full Range of Mountain, Road and eBikes KONTICH, Belgium , July 12, 2022 /PRNewswire/...

Tenneco's ( NYSE: TEN ) CEO Brain J. Kesseler announced Thursday that he intends to leave the company upon the completion of pending merger with Apollo Global Management ( NYSE: APO ). The auto-parts and equipment company told that affiliates of Apollo Global ...

Automobile stocks revved higher on Thursday after indications from China were that measures to stoke demand for both new and used cars will be put in place and EV subsidies/tax breaks will be extended. The biggest gainers in the electric vehicle sector in early trading on Thursday w...

Superior Industries International has done well compared to the market in recent months. This comes thanks to favorable but somewhat mixed financial results and as management maintains their view regarding what 2022 will look like. Given how cheap shares are, the company still rep...

Standard Motor Products has performed well over the past few years, including into the current fiscal year. Bottom line performance so far in 2022 is a bit weaker, but shares do still look cheap at current levels. Ultimately, the company seems to offer investors some upside potent...

Perfect addition to merger arb basket. Some could be recut or break. But the winners should more than pay for the losers. For further details see: Tenneco: 41% Yield On This Perfect TEN

Tenneco (NYSE:TEN) was raised to overweight at JPMorgan as the auto supplier's $7.1 billion sale to Apollo Global (APO) is likely to close on the agreed upon terms. Tenneco ticked up 0.7%. JPMorgan analyst Ryan Brinkman sees three potential scenario for the $20/share deal with 1) the tra...

Zendesk to be acquired by an investor group led by investment firms Permira and Hellman & Friedman in an all-cash transaction valued at approximately $10.2 billion. The price that Zendesk finally settled for was 40% below the midpoint of the original offer made by the same group o...

After rejecting two prior offers from Prologis, Duke Realty entered into a definitive agreement to be acquired by Prologis in an all-stock deal valued at $26 billion. Continental Resources received a non-binding proposal from its founder, Harold Hamm, to acquire all outstanding shares...