This Slide: #79 of 91 |
Slide #79. Innospec Inc. — TPC Group
Acquirer:
Innospec Inc. (IOSP)
Acquiree:
TPC Group (TPCG)
Details:
Innospec Inc. announced that it has increased its non-binding proposal to acquire all outstanding shares of common stock of TPC Group (Nasdaq:TPCG) at an all-cash purchase price of $47.50 per share. The offer continues to be supported by investment funds affiliated with Blackstone Capital Partners VI, L.P. (Blackstone), which will provide equity financing for the transaction.
Innospec develops, manufactures, blends, markets and supplies specialty chemicals for use as fuel additives, ingredients for personal care, home care, agrochemical, metal extraction and other applications and oilfield chemicals. Co.'s segments are: Fuel Specialties, which develops, manufactures, blends, markets and supplies specialty chemical products used as additives; Performance Chemicals, which provides technology-based solutions for its customers' processes or products; and Oilfield Services, which develops and markets chemical solutions for fracturing, stimulation and completion operations, products for oil and gas production and products to prevent loss of mud in drilling operations.
IOSP SEC Filing Email Alerts Service
Open the IOSP Page at The Online Investor »
Innospec develops, manufactures, blends, markets and supplies specialty chemicals for use as fuel additives, ingredients for personal care, home care, agrochemical, metal extraction and other applications and oilfield chemicals. Co.'s segments are: Fuel Specialties, which develops, manufactures, blends, markets and supplies specialty chemical products used as additives; Performance Chemicals, which provides technology-based solutions for its customers' processes or products; and Oilfield Services, which develops and markets chemical solutions for fracturing, stimulation and completion operations, products for oil and gas production and products to prevent loss of mud in drilling operations.
IOSP SEC Filing Email Alerts Service
Open the TPCG Page at The Online Investor »
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