TPC Group declines to comment on buyout report

26 July 2012 22:00  [Source: ICIS news]

HOUSTON (ICIS)--US butadiene (BD) producer TPC Group on Thursday declined to comment on a report that said the company was holding talks to go private under a leveraged buyout deal worth $600m (€492m).

Bloomberg reported that the company was in exclusive talks to go private in a leveraged buyout.

"We are not offering any comment on market rumours and speculation," a TPC Group spokesperson said.

TPC is the largest BD maker in the US with 690,000 tonnes/year of capacity.

($1 = €0.82)

Additional reporting by Joseph Chang

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By: William Lemos
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