April 10, 2018 / 11:16 AM / 7 months ago

Auto parts maker Tenneco to buy Federal-Mogul for $5.4 bln

April 10 (Reuters) - Auto parts maker Tenneco Inc said on Tuesday it would buy Federal-Mogul, a maker of powertrain components, from Icahn Enterprises LP for $5.4 billion.

Tenneco also said it would separate its combined businesses into two independent, publicly traded companies. (Reporting by Arunima Banerjee in Bengaluru Editing by Saumyadeb Chakrabarty)

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