Trecora Resources Enters Into a Definitive Agreement to Be Acquired by an Affiliate of Balmoral Funds
Purchase price of $9.81 per share in cash, with a total transaction value of $247 million
Transaction follows a comprehensive strategic review process by the Trecora Board of Directors
Trecora to adopt limited-duration shareholder rights plan as a condition to the transaction
SUGAR LAND, Texas, May 11, 2022 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE:TREC), a leading provider of specialty hydrocarbons and specialty waxes, and an affiliate of Balmoral Funds, LLC (together with its consolidated subsidiaries, "Balmoral") today announced that they have entered into a definitive merger agreement (the "Merger Agreement") pursuant to which Balmoral agreed to acquire Trecora
