Tenneco Announces Share Repurchase Program of up to 400K Shares

Tenneco Inc. TEN announced that the company's board of directors has approved a share repurchase program, authorizing the repurchase of up to 400,000 shares of the company's outstanding common stock over the next 12 months. The repurchase program is intended to offset dilution from shares of restricted stock and stockoptions that were issued in 2011 to employees under Tenneco's long-term compensation plan.