Huntsman Corp. (HUN) announced that Tronox Inc. (TRXAQ.PK, TRXBQ.PK) received an interim order from U.S. Bankruptcy Court. Pursuant to order, Tronox to replace its existing senior secured financing and get approval for an alternative transaction to Huntsman's stalking horse bid.
The new alternative transaction is sponsored by an ad hoc group of Tronox's unsecured bondholders, the company said. Tronox delivered notice of termination of stalking horse agreement, under which Huntsman had agreed to buy selected assets and equity interests of Tronox and certain of its subsidiaries.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.