TPC Group (TPCG) Receives Higher $47.50/Sh Bid from Innospec (IOSP)

Go back to TPC Group (TPCG) Receives Higher $47.50/Sh Bid from Innospec (IOSP)

Bidding War for TPC Group (TPCG) May Have Just Begun

November 14, 2012 9:08 AM EST

Is a battle for TPC Group (Nasdaq: TPCG) starting?

Recently, the company received a bid of $45 per share from the likes of SK Capital and First Reserve. However, with shares trading nearly 3 percent higher from that level and the stock at a 70 percent discount to sales,... More