LAKE FOREST, Ill. — Tenneco has been notified by New York Stock Exchange (NYSE) Regulation that it is not in compliance with one of the NYSE continued listing standards. The company received this notification since its average market capitalization has been less than $75 million over a 30-day trading period and its last reported stockholder’s equity was less than $75 million.
In accordance with NYSE procedures, Tenneco will submit a plan within 45 days that will demonstrate the company’s ability to achieve compliance with the continued listing standards within 18 months.