TPC Buyout Clears U.S. Regulatory Hurdle

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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