Oct 8 (Reuters) - Chemicals maker TPC Group Inc said it received a buyout proposal from Innospec Inc for $721.3 million, topping an offer made by private equity firms First Reserve Corp and SK Capital Partners.
Specialty chemicals company Innospec would pursue a deal for an all-cash price of $44 to $46 per share, TPC said in a statement on Monday.
First Reserve and SK offered $40 in August.
(Reporting by Krishna N. Das in Bangalore; Editing by Don Sebastian)
Keywords: TPCGROUP OFFER/INNOSPEC