US: Tenneco to repurchase up to 400,000 of its shares

Tenneco's board of directors has approved a share repurchase programme, which will see the company repurchasing up to 400,000 shares of outstanding common stock. This will be done over the next 12 months. This move is aimed at offsetting dilution from shares of restricted stock and stock options. These were issued Subscribe to Automotive World … Continued

• By Webmaster
• May 25, 2011