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Auto parts maker Tenneco is buying Federal-Mogul from Carl Icahn's Icahn Enterprises in a deal worth $5.4 billion in cash and stock.
Tenneco will then separate the combined companies into two separate stocks in a tax-free spinoff, one focusing on "aftermarket and ride performance," the other on "powertrain technology."
"We expect to be meaningful stockholders of Tenneco going forward and are excited about the prospects for additional value creation," Icahn said in a statement. "This transaction is an excellent example of our general modus operandi at Icahn Enterprises, by which we seek to acquire undervalued assets, nurture, guide and improve their condition and operations, and ultimately develop them into more valuable businesses, which greatly enhances value for all shareholders."
Icahn acquired control of Federal Mogul, a maker of wiper blades and spark plugs, in 2008. The activist investor then took it private in January 2017.
Tenneco shares jumped more than 6 percent in premarket trading Tuesday.
The sale to Icahn, made up of $800 million in cash and 29.5 million shares of Tenneco stock, is expected to close in the second half of the year.
By Auto News
View the full article
Springtech "Maxi-Load" helper spring is an efficient solution to enhance factory leaf spring suspensions.
Detailed information: https://www.spring-tech.at/helper-springs-maxi-load
You contact us here: https://www.spring-tech.at
Why Maxi Load?
gives extra load support
stabilises swag and sway
reduces body roll
improves overall ride comfort
adjustable spring rate
self dumping property
works like an air spring but without airlines or compressor, does not leak air
needs less installation space and less accessories than air spring
progressive spring rate
prolongs factory leaf spring's life time
By Jerry Zhang
The Guide of Finding Steel Machining Suppliers Suppliers
If you source steel machining parts or stainless steel machining parts for your types of equipment, developments, or system, You have to check the China steel machining parts market. For company owners
You can save quite a lot of money when you buy CNC steel parts for your types of equipment or system. For the designers
You find a lot of quality rapid prototype metal machining suppliers in the China market for your new innovative developments.
For metal machining parts importers,
You can collect a lot of trustable mass production manufacturers in the China market.
China steel machining markets mainly consist of 4 parts
One is the Guangdong market
One is the Zhejiang market
One is the Jiangsu market
The other is the Shandong market
This article is a guide to help you learn everything about the Chinese market, keep reading, and starting to save your money now. Micro or small steel machining
In the Guangdong market
You are easy to find a quality manufacturer in Shenzhen, Foshan, Dongguan.
They don’t have big workshops, many advanced CNC machines, or many workers.
However, they have a lot of experience in making micro or small steel parts or stainless steel parts, as well as metal cutting.
You can input metal machined manufacturers & Shenzhen (Foshan or Dongguan) in the google or Alibaba B2B platform, then you will find many results, choose one and ask them how to keep the quality, you will find a good supplier after you get satisfying answers.
In Zhejiang Market
Zhejiang market is very important for micro or small advance CNC machining parts.
Machining services are most important for local economics.
Each place has its advantage
Taizhou and Zhuji are specialized in brass CNC machining services,
Wenzhou and Jiaxing are specialized in steel CNC machining services,
Ningbo is specialized in stainless steel CNC machining services and aluminum CNC machining services.
If you source brass parts, please go to input brass machining parts & Taizhou (Zhuji).
If you source steel parts, please go to input steel machined parts & Wenzhou (Jiaxing).
If you source stainless steel or aluminum parts, please go to input stainless steel machined parts (aluminum machining parts) & Ningbo.
I recommend Ningbo
As stainless steel and aluminum are most popular everywhere due to environmental protection, human health, and food safety.
Ningbo Sinster Machine Co., Ltd is the best supplier for you,
Please visit its website at www.syluecncmachining.com.
It will let your source easily and guaranteed.
Big steel machining parts
In Jiangsu market
Jiangsu market is specialized in stainless steel parts only.
Their advantages are not only micro or small metal machining parts but also big metal machining parts.
Suzhou, Wuxi, and Changzhou are specialized in micro or small machining parts.
Taizhou is specialized in big machining parts, especially stainless steel lost wax casting parts.
If you need big parts, please input stainless steel machined parts & Taizhou.
In Shangdong market
The last market is Shandong, which is specialized in big steel parts only.
Qingdao is the most important part of the Shandong market.
If you need big parts, Please input big machined parts & Qingdao.
Summary for steel machining markets
Above are the 4 important markets for steel machining parts in China.
You can easily find a good supplier according to the above guide.
If you are in the high-end market, need high-end performance or surface machining steel parts, stainless steel machined parts, or aluminum machined parts.
Please contact Ningbo Sinster Machine Co., Ltd, who is specialized in high-end parts and have rich experience.
Please click the contact us, and send us an inquiry.
You will get the feedback or quotation in seconds.
Email: [email protected]