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.
Business & Finance
Reuters reveals buyout firm Apollo makes $4.3 billion offer to buy Tronox
13 September 2021, 6:26 pm. 1 minute
Tronox Holdings Plc shares rose as much as 23%.
Topics of Interest: Business & Finance
Type: Reuters Best
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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