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Ups all-cash to $47.50 a share.
November 15, 2012
By: TOM BRANNA
Editor
Innospec has increased its non-binding proposal to acquire all outstanding shares of common stock of TPC Group at an all-cash purchase price of $47.50 per share. The offer continues to be supported by investment funds affiliated with Blackstone Capital Partners VI, L.P. (Blackstone), which will provide equity financing for the transaction. TPC Group Inc. is the biggest producer of the chemical butadiene, which is used to make synthetic rubber. “We were disappointed to have been denied...
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