Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
December 11, 2006
TENNECO INC. TO WITHDRAW PACIFIC EXCHANGE LISTING
COMPANY RETAINS NEW YORK STOCK EXCHANGE LISTING
LAKE FOREST, ILLINOIS, DECEMBER 11, 2006 – Tenneco Inc. (NYSE: TEN) today announced plans to withdraw the listing of its common stock from NYSE Arca, Inc., formerly the Pacific Exchange. Tenneco's common stock will continue to be listed on the New York Stock Exchange, the Chicago Stock Exchange and the London Stock Exchange.
Tenneco has decided to withdraw its listing from NYSE Arca to streamline operations and eliminate duplicative administrative requirements inherent with dual listings as a result of the NYSE Group's recent merger with Archipelago Holdings, the parent company of NYSE Arca. The withdrawal is expected to be effective within the next month.
Tenneco does not believe that withdrawing its listing from NYSE Arca will have any impact on the liquidity of its stock
Tenneco is a $4.4 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,000 employees worldwide. Tenneco is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco markets its products principally under the Monroe®, Walker®, Gillet® and Clevite® Elastomer brand names. Among its products are Sensa-Trac and Monroe Reflex® shocks and struts, Rancho® shock absorbers, Walker® Quiet-Flow® mufflers, Dynomax® performance exhaust products, and Clevite®Elastomer noise, vibration and harshness control components.
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