Chemical maker TPC Group Inc. said private equity firms First Reserve Corp. and SK Capital Partners raised their offer price for the company by 12.5 percent, days after it got a rival proposal from Innospec Inc. The offer price has been raised by $5 to $45 per share, TPC said in a statement.
(Reuters) – Chemical maker TPC Group Inc said private equity firms First Reserve Corp and SK Capital Partners raised their offer price for the company by 12.5 percent, days after it got a rival proposal from Innospec Inc.
The offer price has been raised by $5 to $45 per share, TPC said in a statement.
Chemicals maker Innospec last month offered to pay $44 to $46 per TPC share in cash.
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