<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Tenneco Inc.
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
88037 E 101
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(CUSIP Number)
September 29, 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)
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CUSIP NO. 88037 E 101 13G PAGE 2 OF 9 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields Capital Management LP
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 10,063,900
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 10,063,900
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
10,063,900
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 88037 E 101 13G PAGE 3 OF 9 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields GP LLC
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 10,063,900
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 10,063,900
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
10,063,900
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 88037 E 101 13G PAGE 4 OF 9 PAGES
- ------------------------- ---------------------
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jonathon S. Jacobson
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 10,063,900
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 10,063,900
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
10,063,900
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 88037 E 101 13G PAGE 5 OF 9 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard L. Grubman
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 10,063,900
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 10,063,900
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
10,063,900
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 88037 E 101 13G Page 6 of 9 Pages
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Item 1(a). Name of Issuer:
Tenneco Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
1275 King Street, Greenwich, Connecticut 06831
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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."
Item 2(b). Address of Principal Business Office or, if None, Residence:
c/o Highfields Capital Management, 200 Clarendon Street,
Boston, Massachusetts 02117
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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
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Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
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CUSIP NO. 88037 E 101 13G Page 7 of 9 Pages
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Item 2(e). CUSIP Number:
88037 E 101
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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]
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.
(a) Amount beneficially owned:
10,063,900 shares of Common Stock (of which the Reporting Persons have
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the right to acquire zero (0) shares)
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CUSIP NO. 88037 E 101 13G Page 8 of 9 Pages
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(b) Percent of class:
5.9%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 10,063,900
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(ii) Shared power to vote or to direct the vote --0--
--------------
(iii) Sole power to dispose or to direct the disposition of
10,063,900
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(iv) Shared power to dispose or to direct the disposition of --0--
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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 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. None of the Funds owns 5% or more of the securities to
which this filing pertains.
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.
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CUSIP NO. 88037 E 101 13G Page 9 of 9 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.
October 8, 1999
----------------------------
Date
HIGHFIELDS CAPITAL MANAGEMENT LP
By: Highfields GP LLC, its General Partner
/s/ KENNETH H. COLBURN
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Signature
Kenneth H. Colburn
Authorized Signatory
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Name/Title
HIGHFIELDS GP LLC
/s/ KENNETH H. COLBURN
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Signature
Kenneth H. Colburn
Authorized Signatory
----------------------------
Name/Title
JONATHON S. JACOBSON
/s/ KENNETH H. COLBURN
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Signature
Kenneth H. Colburn
Attorney-in-Fact
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Name/Title
RICHARD L. GRUBMAN
/s/ KENNETH H. COLBURN
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Signature
Kenneth H. Colburn
Attorney-in-Fact
----------------------------
Name/Title
