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

Dec. 03, 2012 9:14 AM ETTPC Group Inc (TPCG) StockIOSP, TPCGBy: Carl Surran, SA News Editor

Chemical maker TPC Group (NASDAQ:TPCG) -6.4% premarket after Innospec (NASDAQ: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.

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