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Tronox Gives Updates on Cristal Acquisition

Tronox Gives Updates on Cristal Acquisition

Tronox (TROX) believes that the US Federal Trade Commission (or FTC) is blocking its proposed takeover of Cristal’s titanium dioxide business by not initiating the administrative process and allowing the transaction agreement to expire. Tronox has filed a lawsuit in the United States District Court asking declaratory and injunctive relief to ensure that FTC doesn’t block the acquisition.