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Court Approves Tronox's Reorganization Plan

8:14 AM MST | November 18, 2010 | Lindsey Bewley

Tronox says the United States Bankruptcy Court for the Southern District of New York has confirmed its reorganization plan, paving the way for the company to exit Chapter 11 bankruptcy protection. The plan will become effective after the court enters a written order reflecting this ruling and other plan conditions have been satisfied, the company says. Tronox currently expects to emerge from chapter 11 in the upcoming weeks, as soon as the plan conditions are satisfied.   “We will emerge from the chapter 11 process well-positioned to compete in the...

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