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Tronox Shareholders Oppose Pending Asset Sale; Hunstman Approved by EU

10:06 AM MST | December 18, 2009 | Lindsey Bewley

Shareholders of Tronox have filed an objection to the company’s proposed sale of its assets, according to documents filed in the U.S. Bankruptcy Court for the Southern District of New York. Tronox is “fundamentally an operationally healthy company,” the official committee of equity security holders say. “Pursuing a ‘fire sale’ at a time that is sure to minimize—rather than maximize and preserve—value,” they say.   The sale is being held at a time when the mergers and acquisitions markets are at historical...

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