Tronox holders approve issuance of shares for Cristal acquisition
Tronox announced that the shareholders of the company approved the issuance of shares in connection with the company's previously announced agreement to acquire the TiO2 business of The National Titanium Dioxide Company. The final tabulated results of the vote will be made available in a Form 8-K that the company expects to file by the end of this week. This approval satisfies a condition to closing of the acquisition of Cristal's TiO2 business. The closing of the acquisition remains subject to receipt of regulatory approvals in the U.S., EU, Saudi Arabia, and South Korea, as well as other customary closing conditions. The transaction is expected to close by the first quarter of 2018.