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Tronox responds to FTC complaint about proposed $1.7B deal

"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.

Stamford’s Tronox selling electrolytic division for $13M

The sale comes in the midst of Tronox’s ongoing efforts to close a $1.7 billion agreement to acquire the titanium dioxide business of Saudi chemical and mining company Cristal.

Tronox’s Saudi acquisition, already facing FTC opposition, receives EC ‘objections’

Tronox must respond to the European Commission's "Statement of Objections" by early April.

Tronox extends $1.7B acquisition timeframe; still working on FTC approval

The Stamford firm also posted its fourth-quarter and full-year 2017 financial results, both of which were up significantly from the previous periods.

Tronox receives Saudi approval of $1.7 billion deal; still awaits FTC...

The Stamford company filed a lawsuit against the FTC last week to gain U.S. approval of the deal.

FTC mounts legal challenge to Tronox’s $1.7 billion acquisition

Among other things, the FTC’s administrative complaint charges that the deal would violate antitrust laws.

Tronox clears federal hurdle in $1.7 billion Saudi acquisition

Tronox intends to complete the transaction following the satisfaction of all remaining conditions, including antitrust clearance by the European Commission and the Kingdom of Saudi Arabia.

Tronox names Jeffry Quinn president and CEO

He succeeds Peter Johnston, who has held the role of interim CEO since May 15.