Tronox Says FTC Withdraws Cristal Deal From Adjudication

Tronox shares rose about 5% in pre-market after confirming the Federal Trade Commission withdrew adjudication of a proposed consent agreement related to Tronox’s acquisition of National Titanium Dioxide’s titanium dioxide business.

• Tronox said the transaction would be able to close should the proposed consent agreement receive final FTC approval
• NOTE: March 19, Tronox agreed to sell some of the Cristal titanium dioxide business to Ineos AG for $700 million

Link to Statement: Federal Trade Commission Withdraws Tronox-Cristal Transaction from Adjudication

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