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

|About: TPC Group Inc (TPCG)|By:, SA News Editor

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)