July 25, 2012 / 10:21 PM / 5 years ago

TPC Group in talks to go private for $600 mln - report

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)

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