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TPC Group Inc Message Board

  • shooter123432 shooter123432 Aug 14, 2012 4:56 PM Flag

    What is going on here?

    Another article hit Bloomberg today saying the company looking to acquire TPCG was First Reserve an energy and infrastructure private equity firm. Again the price was said to be $40. What I don't understand is that the price was close to $50 earlier this year. What makes this firm think they can steal TPCG at $40? In the article they said the deal could still fall apart or it could happen in the next few weeks. Well if First Reserve is stuck at $40 then the deal will not go through. How could management justify selling at the price, particularly when all analyst targets are at $50+? The company and board would be sued for sure not that shareholders would vote for a $40 deal anyways. If this deal gets done it will get done north of $50.

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