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Web Date: December 7, 2017

FTC seeks to block Tronox’s purchase of Cristal

Regulator says the combined firm will wield too much power in the titanium dioxide market
Department: Business
Keywords: Mergers & acquisitions, Tronox, titanium dioxide, white pigment

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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Chemical & Engineering News
ISSN 0009-2347
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