TPC Group Announces Final Results of Tender Offer

TPC Group Inc. TPCG today announced the final results of its modified "Dutch auction" tender offer, which expired at 5:00 p.m., New York City time, on December 23, 2010. TPC Group has accepted for purchase 2,154,188 shares of its common stock at a price of $28.50 per share for a total cost of $61.4 million, excluding fees and expenses relating to the tender offer. The shares purchased pursuant to the tender offer represent approximately 11.8% of the total number of shares issued and outstanding as of October 1, 2010. We funded the purchase of the shares in the tender offer from cash on hand, including cash received from the intercompany distribution funded by TPC Group LLC's senior secured notes.