Tenneco is laying the groundwork for an initial public offering that could value the business at approximately $14bn, as owner Apollo Global Management explores exit options following a four-year holding period, according to a report by Bloomberg.
Apollo Global Management acquired Tenneco in 2022 in a deal valued at around $1.6bn in equity, with an enterprise value exceeding $7bn including debt.
The report cites unnamed people familiar with the process, as revealing that the automotive supplier...
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