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Stock Market & Financial Investment News

News Breaks
December 5, 2012
11:18 EDTTPCGTPC Group stockholders approve sale to First Reserve, SK Capital
TPC Group announced that its stockholders adopted the merger agreement with affiliates of First Reserve Corporation and SK Capital Partners, thus approving the sale of the company. Upon closing of the merger, TPC Group stockholders will become entitled to receive $45.00 per share in cash for each share of TPC Group common stock that they own. With today's approval by TPC Group's stockholders, all requisite approvals required to consummate the transaction have been received, and closing is expected to occur prior to December 31, 2012, the company said.
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