LAKE FOREST, Ill.--(BUSINESS WIRE)--Tenneco Inc. (NYSE: TEN) today 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.
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.