Tronox Ltd has reached a settlement with U.S. antitrust enforcers that will allo...
FILE PHOTO: The Federal Trade Commission building is seen in Washington on March 4, 2012. REUTERS/Gary Cameron
WASHINGTON - Tronox Ltd has reached a settlement with U.S. antitrust enforcers that will allow it to move forward with its purchase of much of Cristal’s titanium dioxide business, the Federal Trade Commission said on Wednesday.Under the settlement, Tronox has agreed to sell facilities in Ashtabula, Ohio which make titanium dioxide. It had previously valued the assets at $700 million, and a British company, INEOS Enterprises AG, agreed to buy the plants.
The FTC said in December 2017 that it would go to court to block the deal, arguing that the companies are two of the three top suppliers of chloride process titanium dioxide. The third is the Chemours Co.The FTC won victories in both a federal court and before an FTC administrative law judge. “ is an ingredient in many products used by consumers,” said Bureau of Competition Director Bruce Hoffman. “This agreement will preserve a competitive marketplace, which ultimately benefits consumers in the form of lower prices and higher quality products.”Reporting by Diane Bartz; Editing by Chizu Nomiyama and Richard Chang
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Analysis | The Technology 202: The government's top Silicon Valley watchdog only has five full-time technologists. Now it's asking Congress for more.Analysis: The government's top Silicon Valley watchdog only has five full-time technologists. Now it's asking Congress for more.
और पढो »
How influencers keep their #ads and their audiences - CNN VideoRecently, the FTC has cracked down on influencer marketing. Here's how influencers make it work, and still make lots of money.
और पढो »
FDA warns companies to stop making ‘unsubstantiated’ claims about CBD curing cancer and Alzheimer’sWarning letters from the FTC and FDA come ahead of a public hearing on the increasingly popular additive.
और पढो »
Tesla's Elon Musk, SEC ordered by U.S. judge to try to settleA federal judge on Thursday ordered the U.S. Securities and Exchange Commission ...
और पढो »
Fiat Chrysler to pay $110 million to settle U.S. investor suitItalian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 m...
और पढो »
US judge gives Musk and SEC two weeks to settle differencesThe Tesla CEO said he respects the US judicial process, but chuckled when asked if he felt the same about the SEC as he entered court.
और पढो »