Issue Date: February 27, 2017 | Web Date: February 21, 2017
Tronox to acquire TiO2 rival Cristal
In a deal that will establish the world’s largest producer of titanium dioxide, Tronox is purchasing Cristal for $1.7 billion in cash, plus stock. Tronox says it’s putting its soda ash business on the selling block to help pay for the transaction.
“We are very excited to have signed this agreement with Cristal,” Tronox CEO Tom Casey said in a conference call earlier today with analysts. “They have TiO2 operations that are highly complementary with . . .
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