Tronox Inc. (TROX) Is Sinking After FTC Challenges Merger

Shutterstock photo

(RTTNews.com) - Tronox Inc. ( TROX ) gapped open sharply lower Wednesday morning and is now down 5.92 at $19.61 on above average volume. The stock has tumbled to a 3-month low.

The FTC has issued an administrative complaint challenging the merger of Tronox and Cristal. The complaint states that the deal would violate the antitrust laws by significantly reducing competition in the North American market for chloride process titanium dioxide.

For comments and feedback: contact editorial@rttnews.com

This article appears in: Stocks , Politics
Referenced Symbols: TROX

More from RTT News


See headlines for TROX

Research Brokers before you trade

Want to trade FX?