July 25 (Reuters) - Specialty chemicals maker TPC Group Inc is in exclusive discussions to go private for about $600 million, Bloomberg reported on Wednesday, citing people familiar with the matter.
TPC, which makes chemicals used in manufacturing tires, plastics, and detergents, will get about $40 per share in the deal, Bloomberg said. The transaction is likely to take place in a few weeks, the agency said.
TPC Group was not immediately available for comment.
Shares of TPC closed at $38.97 on Wednesday on the Nasdaq. (Reporting by Divya Lad in Bangalore; Editing by Hezron Selvi)