9 Nov 2010
ERJ staff report (DS)
Houston, Texas -- TPC Group Inc. has commenced a modified "Dutch auction" tender offer to repurchase shares of its common stock at a purchase price between $24.50 and $27.50 per share. The Company will purchase shares having an aggregate purchase price of no more than $130 million.
TPC Group Inc. is a leading producer of value-added products derived from niche petrochemical raw materials such as C4
hydrocarbons. The Company sells its products into a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuels, lubricant additives, plastics and surfactants.
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Press release from TPC
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