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As part of an agreement with the FTC, Tronox agreed to sell Cristal’s North American TiO2 business to British chemicals firm Ineos Enterprises.
The combined entity, which will operate operating as Linde PLC, will have a market capitalization of about $90 billion and annual revenue of over $30 billion.
"We now look forward to our long-awaited day in court and the opportunity to demonstrate how this transaction will benefit customers throughout North America and around the world," said Jeffry Quinn, the Stamford firm’s president and CEO.
Tronox must respond to the European Commission's "Statement of Objections" by early April.
The Stamford firm also posted its fourth-quarter and full-year 2017 financial results, both of which were up significantly from the previous periods.
The Stamford company filed a lawsuit against the FTC last week to gain U.S. approval of the deal.
Among other things, the FTC’s administrative complaint charges that the deal would violate antitrust laws.
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