Tronox Jumps After FTC Reports Settlement in Cristal Deal

Tronox and Cristal have agreed to settle Federal Trade Commission charges by divesting Cristal’s North American titanium dioxide assets, the agency says. Tronox shares jump as much as 12%.

• Tronox and Cristal will sell the divested assets to Ineos no later than 30 days from the close of the acquisition
• Settlement would end 16 months of litigation over the deal
• NOTE: Mar.25, Tronox Says FTC Withdraws Cristal Deal From Adjudication

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