Tenneco shareholders approve $5.4 billion Federal-Mogul acquisitionSept. 13
Tenneco Q1 adjusted earnings rise along with M&A costsApril 27
Icahn's payoff could get even biggerApril 15
Icahn's $5.4 billion exit strategy for Federal-Mogul soothes aftermarket retailersApril 11
Federal-Mogul's long history grew bumpy in recent yearsApril 10
After a long and sometimes checkered history of navigating asbestos litigation and bankruptcy, and struggling to regain profitability, longtime auto supplier Federal-Mogul is slated to be acquired by Tenneco in a deal valued at $5.4 billion.
FROM OUR ARCHIVES: What goes up will come down -- Federal-Mogul to build, then tear down prototypeApril 10
A building so secret that workers are forbidden to discuss it is nearing completion on the grounds of Federal-Mogul's headquarters. The building, at an estimated cost of $500,000, is a replica of a fully equipped automotive-parts store -- with plans to rip it down just two weeks after completion, according to local records.
Tenneco to buy Federal-Mogul in $5.4 billion deal, then split into 2 companiesApril 10
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.