TPC Group Considered Forming MLP Before Acquisition Announcement; Nine Other Bidders Involved

TPC Group, which agreed to be acquired by private equity firms First Reserve (Houston) and SK Capital Partners (New York) last week in a $40/share deal, also considered forming a master limited partnership (MLP) and discussed deals with nine other potential bidders, according to a regulatory filing. Three of the nine other potential bidders were private equity firms, the filing says. The take-private transaction will total $850 million.   While TPC Group and Perella Weinberg (New York), its financial advisor, discussed a deal with nine parties, only...

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