TPC Enters into Merger Agreement With First Reserve and SK Capital; Legal Entities Launch Investigation

摘要

Houston-TPC Group Inc. has entered into a definitive merger agreement with First Reserve Corp. and SK Capital Partners in a transaction valued at approximately $850-million. Under the agreement, which would result in TPC becoming a private company, TPC stockholders would receive $40 in cash for each share of TPC common stock they hold. The transaction is expected to be completed during the fourth quarter of 2012.