We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Tenneco Inc. (“Tenneco” or the “Company”) (NYSE:TEN), in connection with the proposed acquisition of the Company by funds managed by affiliates of Apollo (the “Apollo Funds”) (NYSE: APO).  Under the terms of the acquisition agreement, the Company’s shareholders will receive $20.00 in cash for each share of Tenneco common stock that they hold.  The transaction is valued at approximately $7.1 billion.

WeissLaw LLP is investigating whether (i) Tenneco’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $20.00 per-share merger consideration adequately compensates Tenneco’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.  Notably, at least one analyst set a price target for the Company of $22 per share, $2 above the per-share merger consideration.