FTC sues to block Tronox/Cristal: The Tipline for 6 December 2017

06 December 2017

If you’re in DC tonight, don’t miss the hottest party in town as we launch The Obama Trials. And we’ll have more on this tomorrow: late yesterday afternoon the Federal Trade Commission filed a lawsuit to block Tronox’s $1.7 billion acquisition of the titanium dioxide business of its rival Cristal. The lawsuit comes on the heels of a weekend Tronox press release that said the company would proceed with the acquisition after the statutory waiting period under the Hart-Scott-Rodino Act expired on Friday evening. Look below in our Deals section for details, including the FTC’s take on when the waiting period actually ended.