Web Date: December 7, 2017
FTC seeks to block Tronox’s purchase of Cristal
The U.S. Federal Trade Commission is attempting to block Tronox’s purchase of the Saudi Arabian titanium dioxide maker Cristal, maintaining that the transaction will diminish competition in a market that is already an oligopoly.
Tronox agreed to purchase Cristal in February for $1.7 billion in cash, plus stock. The purchase would create the world’s largest producer of the white pigment—ubiquitous in paints, plastics, and other products—edging out perennial . . .
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