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Tronox Inc. (TROX) Tumbled To Over A 3-Month Low After FTC Challenge

The FTC has issued an administrative complaint challenging the merger of Tronox Inc. (TROX) 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.

Tronox gapped open sharply lower Wednesday and declined until around mid-morning. The stock closed down by 6.90 at $18.63 on strong volume. Tronox dropped to over a 3-month low and fell below its 200-day moving average.

by RTT Staff Writer

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