Law360, New York (August 27, 2012, 6:06 PM ET) -- New York private equity firm SK Capital Partners and Connecticut energy investment firm First Reserve Corp. have agreed to acquire Texas petrochemical products maker TPC Group Inc. in an $850 million take-private deal, the companies said Monday.
SK Capital and First Reserve said they will pay TPC Group stockholders $40 per share in cash. The proposed transaction price is about a 1.2 percent premium over TPC Group's closing price of $39.53 Friday on the NASDAQ Stock Exchange.
The deal values Houston-based TPC Group, which produces and...
PE Firms Strike $850M Deal To Take TPC Group Private
To view the full article, take a free trial now.
