Business & Finance

Reuters reveals buyout firm Apollo makes $4.3 billion offer to buy Tronox

Tronox Holdings Plc shares rose as much as 23% after Reuters revealed that private equity firm Apollo Global Management Inc had approached the pigment manufacturer with a $4.3 billion all-cash offer. Tronox makes titanium dioxide pigment and other chemicals used to add brightness and durability to paints, plastics and paper. The COVID-19 pandemic weighed on demand for many of Tronox’s products, but the company has said its core markets are recovering as the world’s major economies bounce back. 

Market Impact

Tronox Holdings Plc shares rose as much as 23%.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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