Rigrodsky & Long, P.A. Announces Investigation Of TPC Group Inc. Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of TPC Group Inc. (“TPC Group” or the “Company”) (NASDAQ CM: TPCG) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by First Reserve Corporation (“First Reserve”) and SK Capital Partners (SK Capital) in a transaction valued at approximately $850 million, including net debt.

Click here to learn more: http://www.rigrodskylong.com/investigations/tpc-group-inc-tpcg.

Under the terms of the proposal, public shareholders of TPC Group will receive $40.00 per share in cash for each share of TPC Group they own.

The investigation concerns whether TPC Group’s board of directors failed to adequately shop the Company and obtain the best possible value for the Company’s shareholders before entering into an agreement with First Reserve and SK Capital. According to Yahoo! Finance, at least one analyst has set a price target for TPC Group stock at $55.00 per share.

If you own the common stock of TPC Group and purchased your shares before August 27, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/tpc-group-inc-tpcg.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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