UPDATE 3-Chemicals company TPC to be sold for $627 mln

Newswire

* Shareholders to get $40 per share in cash * Including debt, deal valued at about $850 mln * Shares trading above offer price By Swetha Gopinath Aug 27 (Reuters) - Chemicals maker TPC Group Inc has agreed to be taken private for $627.2 million by private equity firms First Reserve Corp and SK Capital Partners as prices for its main product, used to make tires, remain depressed. TPC, which produces butadiene used in ...

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