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MarketScreener Homepage  >  Equities  >  Nyse  >  Tenneco Inc    TEN

TENNECO INC (TEN)
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Tenneco : to Withdraw Chicago Stock Exchange Listing

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07/12/2018 | 11:48pm CEST

By a News Reporter-Staff News Editor at Journal of Transportation -- Tenneco Inc. (NYSE: TEN) announced plans to withdraw the listing of its common stock from the Chicago Stock Exchange. Tenneco's common stock will continue to be listed on the New York Stock Exchange.

Tenneco has decided to withdraw its listing from the Chicago Stock Exchange due to the limited trading of its common stock on the Chicago Stock Exchange and to reduce the administrative costs inherent with dual listings. Tenneco does not believe that withdrawing its listing from the Chicago Stock Exchange will have any impact on the liquidity of its stock. The withdrawal is expected to become effective on or about July 23, 2018. About Tenneco Tenneco is a $9.3 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 32,000 employees worldwide. Tenneco is one of the world's largest designers, manufacturers and marketers of ride performance and clean air products and systems for automotive and commercial vehicle original equipment markets and the aftermarket. Tenneco's principal brand names are Monroe®, Walker®, XNOx® and Clevite®Elastomers. View source version on businesswire.com: https://www.businesswire.com/news/home/20180629005579/en/

Keywords for this news article include: Business, Tenneco Inc.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2018, NewsRx LLC

(c) 2018 NewsRx LLC, source Business Newsletters

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Financials ($)
Sales 2018 9 939 M
EBIT 2018 644 M
Net income 2018 299 M
Debt 2018 1 111 M
Yield 2018 2,24%
P/E ratio 2018 8,38
P/E ratio 2019 5,46
EV / Sales 2018 0,34x
EV / Sales 2019 0,32x
Capitalization 2 266 M
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Mean consensus HOLD
Number of Analysts 5
Average target price 52,0 $
Spread / Average Target 18%
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Managers
NameTitle
Brian J. Kesseler Director, Chief Executive & Operating Officer
Roger J. Wood Co-Chief Executive Officer & Director
Gregg M. Sherrill Chairman
Jason M. Hollar Chief Financial Officer & Executive Vice President
Ben Patel Chief Technology Officer & Vice President
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