13 Abr Tronox Cristal Merger Agreement
In its merger agreement with Cristal, Tronox again has an imminent termination date (March 2019). Tronox negotiated for more time, but it may not have been enough. If the parties oppose a further extension, Tronox may have no way to save the agreement. Conference call presentation films are used during the conference call and are available on our website at www.tronox.com/ Looking Ahead: Tronox can contact the entire Commission; However, the contract with Crystal expires in March 2019. Additional information and where to find This release does not constitute an offer to sell or invite you to buy securities or an invitation to vote or approve. As part of the transaction agreement between Tronox Limited (the company), the National Titanium Dioxide Company (“Cristal”) and Crystal Inorganic Chemicals Netherlands (the “transaction”), the Company intends to submit relevant materials to the U.S. Securities and Exchange Commission (“SEC”), including a proxy statement. Investors and security holders are asked to read the proxy statement (including all changes and additions) and any other relevant documents relating to the proposed transaction, which will be submitted to the SEC or sent to shareholders as they become available, as they will include important information about the transaction. You can get a free copy of the proxy statement (if and when it becomes available) and other relevant documents that the company has www.sec.gov to the SEC. Copies of the company`s filings to the SEC are available free of charge on the Company`s website at www.tronox.com or on the Company`s website. STAMFORD, Conn., March 18, 2019 /PRNewswire/ — Tronox Limited (NYSE: TROX) (“Tronox” or the Company), a global inorganic mining and chemical company, today confirmed that the proposed acquisition of the titanium dioxide business (“TiO2”) from the National Titanium Company Dioxide Limited (“Cristal”) will be subject to federal trade commission review. FTC staff joined Tronox in withdrawing the case from the decision and asked the Commission to review the project through the proposed remedy. In addition to the application, the bid to the Commission consists of proposed contracts for approval of the transaction, including an agreement with approval decisions, an asset retention decision and order, as well as a final agreement on the sale of Cristal`s North American operations to INEOS Enterprises, a division of INEOS (“INEOS”).
All proposed orders were executed by the parties. The transaction, which was sealed on the proposed divestment, received broad support from American crystals and tronoxs. “This agreement will benefit from a competitive market that will ultimately benefit consumers in the form of lower prices and higher quality products,” said Bruce Hoffman, Director of the Bureau of Competition. ” (Titanium dioxide) is one of many products used by consumers,” said Bruce Hoffman, Director of the Competition Bureau.