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Examples
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During the quarter, Anadarko recorded a charge of $225 million for estimated settlement costs of legal action by Tronox, which is suing Anadarko Petroleum and Kerr-McGee for fraudulent conveyance.
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(Pink Sheets: TRXAQ, TRXBQ) ( "Tronox" or the "Company") today announced a price increase for all ...
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The Tronox businesses are being sold as part of a "363 sale," named after a section of the Bankruptcy Code in which buyers carve out parts of the company they wish to acquire.
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The U.S. government has filed a $2 billion claim against the Tronox estate for environmental claims and that matter must be settled.
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Now this market is opening up as some bankruptcy loans, like that of Tronox, are being assumed by the company's pre-bankruptcy lenders.
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Though Tronox and Huntsman have come to terms, another buyer could top Huntsman's bid.
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With annual sales around $1.1 billion, Tronox is one of the world's largest makers of titanium dioxide, a pigment used to whiten everything from paint to sunscreen to ranch dressing.
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As a major determinant of creditors 'recovery, the environmental issues have complicated a Tronox sale for months.
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Huntsman's proposal would leave behind some real-estate assets and an interest in another company held by Tronox.
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Tronox will file court documents Monday announcing the deal, these people said.
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