First Reserve and SK Capital believe their $45/share offer for chemical maker TPC Group (TPCG)...

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

First Reserve and SK Capital believe their $45/share offer for chemical maker TPC Group (TPCG) fairly values the company, and they intend to close the deal by Christmas, Reuters reports. Innospec (IOSP) raised its proposed bid for TPC to $47.50/share last week, but it may be unable to close a deal this year; at least two major shareholders say $45/share isn't enough.