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Tronox Completes Share Repurchase

1:01 PM MDT | September 27, 2012 | Lindsay Frost

Tronox says it has completed the previously announced repurchase of 10% of its total Class A and Class B common shares. Exxaro Resources (Pretoria, South Africa)—the company’s largest shareholder—now holds 43.7% of Tronox’s outstanding common shares. Under the terms of the original transaction with Exxaro, in which Tronox acquired the company’s mineral sands business, Exxaro's ownership cannot exceed 45% for a three-year...

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