Market and Company News

Posted on the 12-13-2018

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FTC judge issues decision against Tronox-Cristal deal !!!



The Federal Trade Commission’s (FTC; Washington) chief administrative law judge (ALJ) as issued an initial decision ruling against Tronox’s proposed acquisition of the titanium dioxide (TiO2) business of The National Titanium Dioxide Co. (Cristal; Yanbu, Saudi Arabia). The ruling found that the deal “may substantially lessen competition for the sale of chloride-based TiO2 in North America,” Tronox says. The initial decision concludes “part three” of the FTC review of the merger, allowing Tronox and Cristal to communicate directly with FTC commissioners.

“Although Tronox is disappointed by the ALJ’s decision, we continue to believe this output-enhancing combination [with Cristal] will benefit TiO2 customers in the US and around the world. We look forward to working with the FTC staff on the proposed remedy, and we appreciate that ...

More to read on ICIS on link below


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