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All-cash move is supported by TPC.
October 9, 2012
By: TOM BRANNA
Editor
Innospec Inc. has submitted a non-binding proposal to acquire all outstanding shares of common stock of TPC Group for an all-cash purchase price in the range of $44 to $46 per share. The offer is supported by investment funds affiliated with Blackstone Capital Partners VI, L.P. (Blackstone), which Innospec expects to provide equity financing for the transaction. Patrick Williams, president and CEO of Innospec said, “We believe that TPC is a good strategic and synergistic fit with Innosp...
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