Tronox to sell GR business

Tronox announced its intent to sell its Green River Alkali business in order to purchase another business.

According to a press release dated Feb. 21, 2017, which was on the company’s website www.tronox.com, “Tronox Limited (NYSE:TROX) announced a definitive agreement to acquire the TiO2 business of Cristal, a privately held global chemical and mining company, for $1.673 billion cash and Class A ordinary shares representing 24 percent ownership in pro forma Tronox. Concurrently with this announcement, the company announced its intent to begin the process to sell its Alkali business.”...