SOURCE: Levi & Korsinsky, LLP
NEW YORK, NY--(Marketwire - Sep 5, 2012) - Levi & Korsinsky notifies investors of TPC Group Inc. ("TPC Group" or the "Company") (NASDAQ: TPCG) of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to First Reserve Corporation and SK Capital Partners. A complaint was filed in Delaware state court.
Click here to learn more about the investigation: http://zlk.9nl.com/tpc-group-tpcg, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction TPC Group shareholders will receive $40.00 per share. The transaction has a total approximate value of $627.2 million. Shareholders representing approximately 22% of TPC Group's outstanding shares have agreed to tender their shares. The claims concern whether the TPC Group Board of Directors breached their fiduciary duties to TPC Group stockholders by failing to adequately shop the Company before entering into this transaction and whether First Reserve Corporation and SK Capital Partners are underpaying for TPC Group shares, thus unlawfully harming TPC Group stockholders. In particular, TPC Group shares have risen 70% this year and recently traded above the offer price.
If you own common stock in TPC Group and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/tpc-group-tpcg.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.