Released on 20/12/12
Investment firms First Reserve and SK Capital Partners have completed their acquisition of TPC Group, the US-based butadiene (BD) producer said on Thursday.
The completion of the deal follows its approval by TPC shareholders earlier this month.
TPC Group shareholders received $45/share. The initial offer from August by SK Capital and First Reserve was $40/share, which was worth about $850m (€638m).
Chemical firm Innospec had also offered to acquire TPC but later withdrew its proposal.
Source ICIS News
Investment firms First Reserve and SK Capital Partners have completed their acquisition of TPC Group, the US-based butadiene (BD) producer said on Thursday.
The completion of the deal follows its approval by TPC shareholders earlier this month.
TPC Group shareholders received $45/share. The initial offer from August by SK Capital and First Reserve was $40/share, which was worth about $850m (€638m).
Chemical firm Innospec had also offered to acquire TPC but later withdrew its proposal.
Source ICIS News