WeissLaw LLP is investigating Tenneco Inc.
NEW YORK, February 23, 2022 /PRNewswire/ — WeissLaw LLP investigation of possible breaches of fiduciary duty and other violations of law by the board of directors of Tenneco Inc. (“Tenneco” or the “Company”) (NYSE: TEN), as part of the project acquisition of the Company by funds managed by subsidiaries of Apollo (the “Apollo Funds”) (NYSE: APO). Pursuant to the acquisition agreement, shareholders of the Company will receive $20.00 in cash for each share of Tenneco common stock they hold. The transaction is valued at approximately $7.1 billion.
If you own Tenneco actions and wish to discuss this investigation or have any questions regarding this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7and Ground
new YorkNY 10007
WeissLaw LLP is investigating whether (i) Tenneco’s board of directors acted in the best interests of the company’s shareholders in agreeing to the proposed transaction, (ii) the $20.00 the merger consideration per share adequately compensates Tenneco shareholders, and (iii) all information regarding the sale process and valuation of the transaction will be fully and fairly disclosed. In particular, at least one analyst has set a price target for the Company of $22 per share, $2 above the merger price per share.
WeissLaw LLP has litigated hundreds of shareholder class and derivative actions for breach of corporate and fiduciary duties. We’ve recovered over $1 billion for defrauded customers and won significant corporate governance relief in many of those cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud or misleading information), fraud consumer rights (including false advertising, defective products or other deceptive marketing practices), or anti-trust violations, please email us at [email protected]