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Tenneco sells containerboard unit

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Published in issue 7/1999
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Restructuring programme shall save $135m per year The US group Tenneco Inc. of Houston has sold its containerboard business to Madison Dearborn Partners, headquartered in Chicago. Tenneco said the transaction price was $2.2bn in total, but only $2bn would be paid, whereas for the remaining $200m Tenneco would retain ...

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