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Huntsman Bids to Acquire Tronox

10:08 AM MDT | August 31, 2009 | Lindsey Bewley

Huntsman has reached an agreement to acquire most of the titanium dioxide (TiO2) and electrolytics assets of Tronox for $415 million. If the bid is approved by the U.S. Bankruptcy Court, Huntsman will acquire Tronox’s TiO2 facilities in The Netherlands and certain assets in the U.S., a 50-50 joint venture interest in a TiO2 facility in Australia and associated mining and other operations, and U.S. electrolytic production facilities. The deal does not include Tronox's Savannah, GA TiO2 facility, Huntsman says. Tronox's electrolytic business segment...

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