Tronox to propose remedy to FTC

Tronox announced it has filed a motion with the chief administrative law judge overseeing the Part 3 administrative proceeding with respect to its proposed acquisition of Cristal, seeking permission to present a proposed remedy transaction to the Federal Trade Commission (FTC). The motion outlines a proposed US$700 million divestiture of the Ashtabula TiO2 complex to INEOS Enterprises.