TPC Group Inc(TPCG)- NASDAQ
TPCG is defunct.
  • Dec. 3, 2012, 9:14 AM

    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.

    | Dec. 3, 2012, 9:14 AM
  • Nov. 19, 2012, 3:24 PM

    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.

    | Nov. 19, 2012, 3:24 PM
  • Nov. 15, 2012, 8:24 AM

    Chemical maker Innospec (IOSP) raises its bid for TPC Group (TPCG) to $47.50/share, aiming to fend off a rival offer from P-E firms First Reserve and SK Capital. IOSP's earlier proposal was $44-$46. The offer continues to be supported by funds affiliated with Blackstone (BX), which will provide equity financing for the deal. TPCG +3.8% premarket.

    | Nov. 15, 2012, 8:24 AM
  • Nov. 8, 2012, 12:51 PM

    Innospec (IOSP -2.3%) slides after potential acquisition target TPC Group (TPCG) ended talks about a deal. TPC Group agreed to a revised private-equity buyout bid on Thursday.

    | Nov. 8, 2012, 12:51 PM
  • Nov. 8, 2012, 8:30 AM

    TPC Group (TPCG +3.7% to $46.52) has become the subject of a bidding war as P-E firms First Reserve and SK Capital Partners increase their combined offer by $5 to $45, valuing the chemicals maker at $705.5M. TPC recommends the proposal and breaks off talks with Innospec (IOSP), which last month bid $44-$46/share. TPC shares have climbed almost 12% since the P-E firms' first bid in August. (PR)

    | Nov. 8, 2012, 8:30 AM
  • Oct. 8, 2012, 7:52 AM

    TPC Group (TPCG) receives a non-binding all-cash purchase offer of $44-46/share from Innospec (IOSP) and Blackstone (BX). The board continues to recommend August's $40 buyout offer from First Reserve and SK Capital, but expects Innospec's play to eventually be the Superior Proposal. (PR)

    | Oct. 8, 2012, 7:52 AM
  • Aug. 27, 2012, 7:55 AM

    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)

    | Aug. 27, 2012, 7:55 AM