Blackstone and Innospec submit rival bid for TPC Group

Private equity firm Blackstone Capital Partners (New York) and Innospec have submitted a $44–46/share bid for TPC Group, topping the $40/share buyout TPC agreed to with SK Capital (New York) and First Reserve (Houston) in late August. TPC Group’s board will review the bid, and has granted Innospec and Blackstone permission to examine the company’s records as part of the due diligence process. “The emergence of another bid will likely revive lingering questions about the company’s auction process,” says Edward Yang, analyst with...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers