Tenneco said it will buy Federal-Mogul, a maker of powertrain components, from Icahn Enterprises in a transaction valued at $5.4 billion. Tenneco also said it would separate its combined businesses into two independent, publicly traded companies.
Tenneco said it will buy Federal-Mogul, a maker of powertrain components, from Icahn Enterprises in a transaction valued at $5.4 billion. Tenneco also said it would separate its combined businesses into two independent, publicly traded companies.