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Tronox Inc. (TROX) Is Sinking After FTC Challenges Merger

Tronox Inc. (TROX) gapped open sharply lower Wednesday morning and is now down 5.92 at $19.61 on above average volume. The stock has tumbled to a 3-month low.

The FTC has issued an administrative complaint challenging the merger of Tronox and Cristal. The complaint states that the deal would violate the antitrust laws by significantly reducing competition in the North American market for chloride process titanium dioxide.

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