TPC Receives Clearance from HRC For Sale to First Reserve and SK

摘要

Houston-TPC Group has received early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its planned sale to affiliates of investment funds sponsored by First Reserve Corp. and SK Capital Partners (PCN, 17 Sept 2012, p 2). TPC, First Reserve and SK Capital have entered into a merger agreement, under which TPC stockholders are eligible to receive $40 for each share of TPC common stock they own.