Innospec Boosts Offer To $745M In Bid War For TPC Group

Law360, New York (November 15, 2012, 2:08 PM EST) -- Chemical manufacturer Innospec Inc. raised its offer for TPC Group Inc. to $745 million, the companies said Thursday, in a move to swat away a rival bid from a pair of private equity firms that has already been approved by the specialty chemicals company.

Houston-based TPC last week halted negotiations with Innospec after SK Capital Partners and First Reserve Corp. upped their joint $627 million offer, first made in August, to $713 million. On Thursday, TPC commenced a tender offer for the private equity bid, but...
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