Tronox Registration Statement Declared Effective; Shares Of New Holding Company Tronox Limited Registered For Issuance
OKLAHOMA CITY, May 4, 2012 /PRNewswire/ -- Tronox Incorporated (TROX) announced today that the U.S. Securities and Exchange Commission has declared effective the Company's Registration Statement on Form S-4. The Registration Statement contains the Proxy Statement that will be issued in connection with the shareholder vote relating to the Company's previously announced agreement with Exxaro Resources Limited to acquire Exxaro's mineral sands business. Pursuant to the transaction agreement, the acquired mineral sands business will be combined with Tronox's existing businesses under a new Australian holding Company, Tronox Limited, the shares of which have been registered for issuance and are expected to be listed on the New York Stock Exchange the day after closing.
Tronox also announced that it will hold a special meeting of its stockholders to vote on the adoption of the transaction agreement for the purpose of approving the mergers contemplated by the agreement on May 30, 2012, at 10 a.m. ET, at the Company's headquarters, 1 Stamford Plaza, Stamford, Connecticut. Assuming shareholder approval of the transaction, following the special meeting we will provide five business days during which current shareholders can elect to receive exchangeable shares. Thereafter we expect to close the transaction and list the shares on the NYSE as soon as possible.
Tronox stockholders of record as of the close of business on April 30, 2012 will be permitted to vote at the meeting. The proxy statement/prospectus included in the Registration Statement will be mailed to Tronox stockholders on or about May 7, 2012 and is also available online at www.sec.gov and at www.tronox.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as "may," "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast," and other words and terms of similar meaning.
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