Tenneco (TEN) and Meritor (MTOR) were each acquired in the Auto Parts space in back-to-back days for $7.1B and $3.7B respectively, and at 100% and 50% premiums. TEN at 4X FY22 EBITDA and MTOR at 7X FY22 EBITDA, the distinction being MTOR’s 10.7% EBIT...