titanium dioxide

Tronox responds to US District Court’s decision on proposed acquisition of Saudi-headquartered Cristal
Tronox, a global mining and inorganic chemicals company, commented on the decision by the US District Court for the District of Columbia granting the US Federal Trade Commission’s (FTC) request for a preliminary injunction regarding Tronox’s proposed acquisition of Cristal.
European Commission approves proposed acquisition of Cristal by Tronox
Tronox announced that it has received final approval from the European Commission to close its proposed acquisition of the titanium dioxide (TiO2) business of The National Titanium Dioxide Company Limited (Cristal), a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia.
European Commission conditionally approves acquisition of Saudi Arabia’s Cristal by Tronox
To address the Commission's concerns, Tronox offered to sell its business in TiO2 pigment for paper laminate comprising the required technology and other intangibles to an experienced manufacturer with chloride-based production technology active in EEA.
Tronox seeks opportunity for decision on merits of proposed Saudi-headquartered Cristal acquisition
If the combination is not completed by 21 May 2018, either party would have the right to terminate the agreement unless such date is amended by mutual agreement.
US Federal Trade Commission deters Tronox acquisition of Cristal
The complaint of FTC charged that Tronox acquisition of Cristal, for $1.67bn and a 24% stake in the combined entity, would violate the antitrust laws by significantly reducing competition in the North American market for chloride process titanium dioxide.
Tronox' acquisition of Cristal TiO2 business crosses major US antitrust hurdle
Tronox intends to consummate the transaction promptly following the satisfaction of all remaining conditions to the acquisition, including antitrust clearance by the European Commission and the Kingdom of Saudi Arabia.

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