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STAMFORD, CT, March 1, 2018 (PRNewswire) -Tronox Limited, a global mining and inorganic chemicals company, today announced the parties have agreed to an extension of the previously announced agreement to acquire the titanium dioxide ("TiO2") business of Cristal, a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia. Pursuant to the amendment, the parties agreed to extend the end date for the transaction from May 21, 2018 to June 30, 2018 with automatic three-month extensions until March 31, 2019, if necessary based on the status of outstanding regulatory
Read moreSTAMFORD, CT, March 1, 2018 (PRNewswire) -Tronox Limited reported revenue of $464 million for the fourth quarter 2017, up 32 percent from $352 million in the year-ago quarter and up 7 percent from $435 million in the prior quarter. Income from operations of $60 million increased from $1 million in the year-ago quarter and $51 million in the prior quarter. Net income from continuing operations attributable to Tronox Limited was breakeven, or $0.00 per diluted share, compared to net income from continuing operations attributable to Tronox Limited of $97 million, or $0.81 per diluted share,
Read moreSTAMFORD, CT, Dec. 20, 2017 (PRNewswire) -Tronox Limited today confirmed that the European Commission has initiated a Phase II review of the company's planned acquisition of the titanium dioxide (TiO2) business of Cristal, a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia. The commission would have up to 90 working days, a period that may be extended or shortened, to make a final decision on whether the proposed transaction would significantly impede effective competition in the European Economic Area.
Read moreBRUSSELS, Dec. 20, 2017 (Press Release) -The European Commission has opened an in-depth investigation to assess the proposed takeover of Cristal by Tronox under the EU Merger Regulation. The Commission is concerned that the deal may reduce competition in titanium dioxide pigment, a critical input for many consumer products.
Read moreTronox Limited today said it would vigorously fight a lawsuit filed December 5, 2017 by the U.S. Federal Trade Commission (FTC) seeking to block the company's proposed acquisition of the titanium dioxide (TiO2) business of Cristal, a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia.
Read moreSTAMFORD, CT, Dec. 3, 2017 (PRNewswire) -Tronox Limited today announced that, in connection with its planned acquisition of the titanium dioxide (TiO2) business of Cristal, a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia, the waiting period in the United States under the Hart-Scott-Rodino Act expired at 11:59 p.m. EST on December 1, 2017 without further action by or communication from the U.S. Federal Trade Commission.
Read moreSTAMFORD, CT, Nov. 16, 2017 (PRNewswire) -Tronox Limited announced today that its board of directors has appointed Jeffry N. Quinn as president and chief executive officer, effective December 1, 2017. Quinn has served as a member of the company's board of directors since 2011, and will continue in that position. Quinn brings more than 30 years of experience in the mining, refining, and chemicals industries to the role.
Read moreOAKLAND, CA, Nov. 9, 2017 (RISI) -The transcript of Tronox’s third quarter 2017 financial results conference call on Nov. 9, 2017, with CEO Peter Johnston, is now available at Seeking Alpha.
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