Federal-Mogul (Goetze) stock jumps 10% as Tenneco Inc. to acquire the group globally

Tenneco Inc. will be acquiring Federal-Mogul group for $5.4bn Tenneco Inc. (Tenneco), one of the world’s largest auto ancillary companies, is set to acquire Federal-Mogul LLC, the ultimate global parent of Federal-Mogul Goetze (India) Limited (FMGIL). Tenneco will be acquiring Federal-Mogul group for $5.4bn, through a combination of $800mn in cash, 5.7mn shares of Tenneco Class A common stock (representing a 9.9% voting interest), 23.8mn shares of Non-Voting Class B common stock and assumption of debt. Under the agreement, Tenneco can reduce the number of shares of Class B Non-Voting common stock by up to 7.3mn shares and increase the cash consideration proportionately at the closing.

To Get Free Trial 
Missed call @ 9582541010 
Call Us @ 8822117117 
Mail Us = starindiamarket@gmail.com 
Visit = http://www.starindiaresearch.com/freetrail.php