P-E funds First Reserve and SK Capital agree to acquire TPC Group (TPCG) for $627.2M, or $850M...


P-E funds First Reserve and SK Capital agree to acquire TPC Group (TPCG) for $627.2M, or $850M including debt. TPC shareholders will receive $40/share, which represents a 1% premium to the specialty chemicals maker's close of $39.59 on Friday. (PR)

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