<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------
SCHEDULE 13G
(AMENDMENT NO. 1*)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Tenneco Automotive Inc.
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
880349105
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(CUSIP Number)
November 5, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
- -------------------------------
* This 13G amends the 13G filed by Highfields Capital Management LP,
Highfields GP LLC, Jonathon S. Jacobson and Richard L. Grubman on October
8, 1999 with respect to the shares of Tenneco Automotive Inc. (the
surviving entity, formerly known as Tenneco Inc. CUSIP No. 88037 E 101).
This is the first 13G filed by Highfields Capital Ltd.
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CUSIP NO. 880349105 13G Page 2 of 12 Pages
- ------------------------- -------------------------
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NAME OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Highfields Capital Management LP
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF 2,612,998
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,612,998
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,612,998
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.8%
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TYPE OF REPORTING PERSON
12
PN
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<PAGE>
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CUSIP NO. 880349105 13G Page 3 of 12 Pages
- ------------------------- -------------------------
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NAME OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Highfields GP LLC
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF 2,612,998
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,612,998
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,612,998
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.8%
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TYPE OF REPORTING PERSON
12
OO
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<PAGE>
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CUSIP NO. 880349105 13G Page 4 of 12 Pages
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NAME OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Jonathon S. Jacobson
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 2,612,998
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,612,998
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,612,998
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.8%
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TYPE OF REPORTING PERSON
12
IN
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CUSIP NO. 880349105 13G Page 5 of 12 Pages
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NAME OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Richard L. Grubman
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 2,612,998
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,612,998
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,612,998
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.8%
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TYPE OF REPORTING PERSON
12
IN
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CUSIP NO. 880349105 13G Page 6 of 12 Pages
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NAME OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Highfields Capital Ltd.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Cayman Islands
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SOLE VOTING POWER
5
NUMBER OF 1,878,239
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,878,239
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,878,239
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.6%
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TYPE OF REPORTING PERSON
12
OO
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CUSIP No. 880349105 13G Page 7 of 12 Pages
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Item 1(a). Name of Issuer:
Tenneco Automotive Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
500 North Field Court, Lake Forest, IL 60045
Item 2(a). Name of Person Filing:
This statement is being filed by the following persons with respect to
the shares of common stock of the Issuer directly owned by Highfields
Capital I LP, Highfields Capital II LP and Highfields Capital Ltd.
(collectively, the "Funds"):
(i) Highfields Capital Management LP, a Delaware limited partnership
("Highfields Capital Management") and Investment Manager to each of
the Funds;
(ii) Highfields GP LLC, a Delaware limited liability company
("Highfields GP") and the General Partner of Highfields Capital
Management;
(iii) Jonathon S. Jacobson, a Managing Member of Highfields GP; and
(iv) Richard L. Grubman, a Managing Member of Highfields GP.
Highfields Capital Management, Highfields GP, Mr. Jacobson and Mr.
Grubman are sometimes individually referred to herein as a "Reporting
Person" and collectively as the "Reporting Persons."
This statement is also being filed by Highfields Capital Ltd., an
exempted limited company organized under the laws of the Cayman
Islands, with respect to the shares of common stock of the Issuer
owned by Highfields Capital Ltd.
Item 2(b). Address of Principal Business Office or, if None, Residence:
Address for Highfields Capital Management, Highfields GP, Mr. Jacobson
and Mr. Grubman:
c/o Highfields Capital Management
200 Clarendon Street
Boston, Massachusetts 02117
Address for Highfields Capital Ltd.:
c/o Goldman Sachs (Cayman) Trust, Limited
Harbour Centre, North Church Street
P.O. Box 896
George Town, Grand Cayman
Cayman Islands
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CUSIP No. 880349105 13G Page 8 of 12 Pages
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Item 2(c). Citizenship:
Highfields Capital Management - Delaware
Highfields GP - Delaware
Richard L. Grubman - United States
Jonathon S. Jacobson - United States
Highfields Capital Ltd.- Cayman Islands
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
880349105
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. [X]
<PAGE>
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CUSIP No. 880349105 13G Page 9 of 12 Pages
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Item 4. Ownership.
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1
(b)(2), if applicable, exceeds five percent, provide the following information
as of that date and identify those shares which there is a right to acquire.
For Highfields Capital Management, Highfields GP, Mr. Jacobson and
Mr. Grubman:
(a) Amount beneficially owned:
2,612,998 shares of Common Stock (none of which the Reporting Persons
have the right to acquire)
(b) Percent of class:
7.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 2,612,998
(ii) Shared power to vote or to direct the vote --0--
(iii) Sole power to dispose or to direct the disposition of 2,612,998
(iv) Shared power to dispose or to direct the disposition of --0--
For Highfields Capital Ltd.:
(a) Amount beneficially owned:
Highfields Capital Ltd. has 1,878,239 shares of Common Stock (none of
which it has the right to acquire).
(b) Percent of class:
5.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,878,239
(ii) Shared power to vote or to direct the vote --0--
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CUSIP No. 880349105 13G Page 10 of 12 Pages
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(iii) Sole power to dispose or to direct the disposition of 1,878,239
(iv) Shared power to dispose or to direct the disposition of --0--
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The shares to which this filing by Highfields Capital Management,
Highfields GP, Mr. Jacobson and Mr. Grubman relates are beneficially
owned by the Funds, each of which has the power to direct the
dividends from or the proceeds of the sale of the shares owned by such
Fund. Highfields Capital Management serves as the Investment Manager
to each of the Funds. Highfields Capital Ltd., a reporting person
herein owns 5.6% of the shares of common stock of the Issuer; however,
neither Highfields Capital I LP nor Highfields Capital II LP owns more
than five percent of the shares of common stock of the Issuer.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issue of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
<PAGE>
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CUSIP No. 880349105 13G Page 11 of 12 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
November 15, 1999
------------------------------------------
Date
HIGHFIELDS CAPITAL MANAGEMENT LP
By: Highfields GP LLC, its General Partner
/s/ KENNETH H. COLBURN
------------------------------------------
Signature
Kenneth H. Colburn
Authorized Signatory
------------------------------------------
Name/Title
HIGHFIELDS GP LLC
/s/ KENNETH H. COLBURN
------------------------------------------
Signature
Kenneth H. Colburn
Authorized Signatory
------------------------------------------
Name/Title
JONATHON S. JACOBSON
/s/ KENNETH H. COLBURN
------------------------------------------
Signature
Kenneth H. Colburn
Attorney-in-Fact
------------------------------------------
Name/Title
RICHARD L. GRUBMAN
/s/ KENNETH H. COLBURN
------------------------------------------
Signature
Kenneth H. Colburn
Attorney-in-Fact
------------------------------------------
Name/Title
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CUSIP No. 880349105 13G Page 12 of 12 Pages
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HIGHFIELDS CAPITAL LTD.
By: Highfields Capital Management LP,
its Investment Manager
By: Highfields GP LLC,
its General Partner
/s/ KENNETH H. COLBURN
------------------------------------------
Signature
Kenneth H. Colburn
Authorized Signatory
------------------------------------------
Name/ Title
