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Finance
Venator files $75 million suit against Tronox
by Alex Scott
May 18, 2019
| A version of this story appeared in
Volume 97, Issue 20
Titanium dioxide producer Venator Materials has filed a lawsuit in Delaware Superior Court against Tronox for failing to honor a $75 million “break fee” after Tronox sold Cristal’s North American TiO2business to Ineos—and not Venator. Venator says it signed a preliminary contract with Tronox to acquire the business before Ineos made its move. “Tronox must now pay the break fee,” Venator CEO Simon Turner says. Ineos acquired the Cristal business in March for $700 million.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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