Chemical maker TPC Group (TPCG) -6.4% premarket after Innospec (IOSP) says it is withdrawing its...

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

Chemical maker TPC Group (TPCG) -6.4% premarket after Innospec (IOSP) says it is withdrawing its takeover proposal. A bidding war looked to have been brewing, as IOSP's $47.50/share offer last month trumped an earlier $45 bid from P-E firms First Reserve and SK Capital Partners.