Volume 89 Issue 8 | p. 17 | Concentrates
Issue Date: February 21, 2011

Tronox Emerges From Bankruptcy

Department: Business
Keywords: Tronox, Bankruptcy

Titanium dioxide maker Tronox has emerged from bankruptcy. The Oklahoma City-based company, which was spun off from the oil exploration firm Kerr-McGee in 2005, filed for Chapter 11 in January 2009 because of environmental legacies and poor business conditions. Later that year, Huntsman Corp. made a failed attempt to buy Tronox plants in the bankruptcy process. Tronox common stock will go to Tronox’ lenders. Some of its previous shareholders are entitled to warrants . . .

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