NEW YORK, Aug. 27, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of TPC Group Inc. ("TPC" or the "Company") (NASDAQ: TPCG) concerning the proposed acquisition of the Company by First Reserve Corp. and SK Capital Partners in a transaction valued at approximately $628 million.
On August 27, 2012, it was announced that TPC had entered into an agreement to be acquired by First Reserve and SK Capital Partners. Under the agreement, TPC shareholders will receive $40.00 in cash per share held. According to Yahoo! Finance, at least one analyst has set a target price for TPC stock of $55.00 per share, and the mean analyst target price for TPC stock is $49.67 per share.
Our investigation concerns whether the TPC board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own TPC shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising.© 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP