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News Breaks | | | | September 10, 2012 | | 07:16 EDT |  | TPCG | TPC Group files preliminary proxy statement in First Reserve, SK Capital deal
TPC Group announced that it has filed preliminary proxy materials with the SEC in connection with the definitive merger agreement between TPC Group and investment funds sponsored by First Reserve Corporation and SK Capital Partners. Under the terms of the agreement, previously announced on Aug. 27, TPC Group stockholders are eligible to receive $40 per share in cash, which represents a 20% premium to TPC Group's closing stock price on July 24, the last unaffected trading day prior to media reports of a possible acquisition of TPC Group. | |
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