trending Market Intelligence /marketintelligence/en/news-insights/trending/L-bzRktXF3n4PE1dw37fPw2 content esgSubNav
In This List

Tronox to present Cristal acquisition deal to FTC

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Tronox to present Cristal acquisition deal to FTC

Tronox Ltd. said its proposed acquisition of Saudi Arabia-based National Titanium Dioxide Co. Ltd., also known as Cristal, will be presented to the Federal Trade Commission for consideration.

The company and the FTC staff worked together to withdraw the case from adjudication and ask the commission to consider the transaction with a proposed remedy, according to a March 18 release.

Tronox President and CEO Jeffry Quinn said the proposed settlement comprises a "complete structural remedy" after months of consultation and collaboration with the FTC staff.

The submission includes a definitive agreement for the sale of Cristal's North American titanium dioxide business to INEOS AG subsidiary INEOS Enterprises.

An initial decision by the FTC's chief administrative law judge determined that the acquisition may significantly decrease competition for the sale of chloride-based titanium dioxide in North America.