US: FTC approves conditions on merger of Tronox and Cristal

US: FTC approves conditions on merger of  Tronox and Cristal

Following a public comment period, the Federal Trade Commission (FTC) has approved a final order settling charges that the acquisition by Tronox Limited of competitor Cristal would violate the antitrust laws by significantly reducing competition for chloride process titanium dioxide in the United States and Canada. According to the complaint, which was first announced in […]

US: FTC settles antitrust suit with Tronox

US: FTC settles antitrust suit with Tronox

Tronox has reached a settlement with US antitrust enforcers that will allow it to move forward with its purchase of much of Cristal’s titanium dioxide business, the Federal Trade Commission announced on Wednesday, April 10. The company valued the deal at US$1.673 billion when it was announced in February 2017. Under the terms of the […]

US: FTC awarded injunction temporarily blocking Tronox’ acquisition of Cristal

US: FTC awarded injunction temporarily blocking Tronox’ acquisition of Cristal

On Wednesday, September 5, a US judge granted the Federal Trade Commission (FTC) a preliminary injunction blocking chemical maker Tronox’s pending acquisition of Saudi Arabian peer Cristal’s titanium dioxide business. The FTC, which filed a complaint in July, first objected to the deal last year, claiming the merger would reduce competition in the market. Tronox […]

EU: Commission conditionally clears Tronox to buy Cristal

EU: Commission conditionally clears Tronox to buy Cristal

On Wednesday The European Commission cleared US chemical group Tronox to buy Saudi Arabia’s Cristal, on the condition that it sells its global business in titanium dioxide pigment for paper laminate. The merger has a pending case against it in the US Federal Trade Commission’s internal tribunal. The Commission had investigated the market of titanium […]