TENNECO <TGT> TO REDEEM PREFERRED STOCK
Tenneco Inc said it will redeem on April
eight all 2,515,400 outstanding shares of its 11 dlr cumulative
preferred stock.
    The company said it would pay 102 dlrs a share for the
preferred stock, plus accrued and unpaid dividends of 24 cts a
share.
    Tenneco said it will pay the regular quarterly dividend on
the preferred on March 31 to shareholders of record February
27.
 Reuter
