Tronox’s Pending Approval of the Cristal Acquisition
On July 10, the FTC (Federal Trade Commission) filed a lawsuit against Tronox (TROX) in the U.S. District Court in Washington, D.C., alleging that its acquisition of Cristal would significantly reduce competition in the North American market for titanium dioxide. It came after Tronox received conditional approval from the European Commission (or EC) for the Cristal acquisition.