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Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of TPC Group, Inc. In Connection With The Sale Of The Company To First Reserve Corporation And SK Capital Partners
Levi & Korsinsky is investigating the Board of Directors of TPC Group Inc. (“TPC Group” or the “Company”) (Nasdaq: TPCG) for possible 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.
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 investigation concerns 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
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. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.