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LOS ANGELES COUNTY

Tiger International Inc., the Los Angeles-based transportation company, announced that as part of a five-year employment contract, President and Chief Executive Robert P. Jensen will have the option to purchase 1 million shares of the company’s stock at $7 a share. If exercised, the option would give Jensen about 3% of the Tiger’s stock. Jensen, 59, was named to the posts Aug. 28, replacing Wayne M. Hoffman, 63, who remains chairman.


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