Apollo Global Management Inc, a private equity firm has approached pigment manufacturer Tronox Holdings Plc, with a $4.3 billion all-cash offer, according to a news report by Reuters. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox. The pigment manufacturer has hired advisers to consider the bid and has yet to decide on … Read more
Venator Materials announced the filing of a lawsuit against Tronox at the Delaware Superior Court. The lawsuit resulting from Tronox’s refusal to honor its contract to pay Venator a $75 million “break fee” over the divestment of the Cristal North American titanium dioxide business. Venator seeks a judgment for $75 million, plus interest in pre-and post-judgment, and legal … Read more
Tronox Limited confirmed on Monday that the Federal Trade Commission has withdrawn the company’s proposed acquisition of The National Titanium Dioxide Company Limited’s titanium dioxide business from adjudication for the purpose of considering the proposed Consent Agreement. The transaction would then be able to be consummated if the proposed Consent Agreement were finally approved by the Commission. The … Read more
INEOS has announced on Tuesday that it has signed an agreement to acquire Cristal’s (National Titanium Dioxide Company Limited) North American TiO2 business from Tronox Limited for $700 million. The North American business of Cristal includes two plants located in the complex of Ashtabula Ohio (US). The deal is the proposed remedy package submitted by … Read more