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Tag: Tenneco

Tenneco set to buy Federal-Mogul for $5.4 billion

Tenneco, the global aftermarket parts supplier is set to purchase Federal-Mogul in a deal believed to be worth $5.4 billion. It is understand the deal will be funded with $800 million in cash, and a combination of Tenneco shares and debt. Federal-Mogul owns a number of automotive brands including Ferodo, Champion, Beru and Moog, while