$200 million of debt securities. The major businesses of the company are oil exploration and production; processing and marketing of oil and chemicals, natural gas pipelines; manufacturing, and life insurance. (File 2-80117 -Nov. 2) (Br. 4) [S] - (p4) - 8p
1972 1212 - Washington Post - Tenneco Planning to Acquire Big Texas Insurance Company - [link]
Tenneco said it would give stock worth $750 million to acquire Southwestern Life Corp., a Dallas company with almost $10 billion of life insurance in force.
Anticipating complaints that they were using their oil profits to diversify into other fields, Tenneco executives spent yesterday on Capitol Hill insisting the purchase would actually make more money available for energy development.
Tenneco has owned an interest in Philadelphia Life since 1952 and bought full ownership of the company last year.
1986 0624 - Los Angeles Times - Tenneco Agrees to Sell Life Insurance Businesses to ICH - [link]