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People & Business :: Companies

TPC Buyout Clears U.S. Regulatory Hurdle

9:51 AM MDT | September 25, 2012 | Vincent Valk

Private equity firms First Reserve and SK Capital’s leveraged buyout of TPC Group has received early termination of the merger waiting period mandated by the Hart-Scott-Rodino (HSR) laws in U.S. The clearance moves the deal one step closer to completion, which is expected in the fourth quarter of this year. The $850-million deal, which was announced late last month, values TPC Group at...

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