UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
Current Report
Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): March 10, 2008
TENNECO INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 1-12387 76-0515284
(State or other jurisdiction (Commission (I.R.S. Employer of
of incorporation File Number) Incorporation
or organization) Identification No.)
500 NORTH FIELD DRIVE, LAKE FOREST, ILLINOIS 60045
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (847) 482-5000
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On March 10, 2008, Tenneco Inc. announced that it has entered into a
purchase agreement with Delphi Automotive Systems LLC to acquire certain ride
control assets and inventory at Delphi's Kettering, Ohio facility. This purchase
agreement has been filed with the bankruptcy court as part of Delphi's
bankruptcy court proceedings.
The closing of this purchase is subject to certain closing conditions,
including bankruptcy court approval.
As part of the purchase agreement, Tenneco would pay approximately $10
million for existing ride control components inventory and approximately $9
million for certain machinery and equipment. Tenneco would also lease a portion
of the Kettering facility from Delphi.
In connection with the purchase agreement, Tenneco has entered into an
agreement with the International Union of Electrical Workers, which represents
the Delphi workforce at the Kettering plant. The agreement was ratified by the
IUE's rank and file in August 2007.
Tenneco has also entered into a long-term supply agreement with General
Motors Corporation to continue to supply passenger car shock and strut business
to General Motors from the Kettering facility.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
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99.1 Press release issued March 10, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TENNECO INC.
Date: March 12, 2008 By: /s/ David A.Wardell
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David A. Wardell
Senior Vice President, General
Counsel and Corporate Secretary