BALA CYNWYD, Pa.
Sept. 1, 2012
/PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of TPC Group, Inc. ("TPC" or the "Company") (Nasdaq- TPCG) relating to the proposed acquisition by First Reserve Corporation and SK Capital Partners. ("First Reserve").
Under the terms of the transaction, TPC shareholders will receive only
in cash for each share of TPC stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of TPC for not acting in the Company's shareholders' best interests in connection with the sale process to First Reserve. The transaction may undervalue the Company as TPC stock traded at
a share on
March 16, 2012
and traded at
a share as recently as
May 8, 2012
. In addition, an analyst has set a price target on TPC stock at
If you own shares of TPC stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602,
Bala Cynwyd, PA
19004, by e-mail at
, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC