Tronox made the decision to file its lawsuit because the FTC has employed a litigation strategy to rely solely on an administrative process that could not possibly conclude before the acquisition agreement expires, a thinly veiled attempt to run out the clock instead of resolving its concerns about the transaction on their merits. An action in federal court would need to be initiated in the near future in order to allow for a timely resolution.Tronox first filed its Hart-Scott-Rodino notification form on March 14, 2017. The waiting period has been extended several times by agreement of the parties, including after the Company had fully complied with the FTC's Second Request. Tronox has fully and completely cooperated with the FTC, diligently responding to all questions and information requests, including producing more than one million pages of documents for its review. Webcast/Conference CallTronox will conduct a webcast conference call to discuss the filing on Wednesday, January 24, 2018, at 8:30 a.m. ET ( New York). The live call is open to the public via Internet broadcast and telephone. Internet Broadcast: http://www.tronox.com/ Dial-in telephone numbers:U.S. / Canada: (877) 831-3840International: (253) 237-1184 Conference ID: 3074158 Webcast/Conference Call Replay: Available via the Internet and telephone beginning on Wednesday, January 24, 2018 at 11:30 a.m. ET ( New York), until 11:30 a.m. ET ( New York), on Tuesday, January 30, 2018. Internet Replay: www.tronox.com Replay dial-in telephone numbers:U.S. / Canada: (855) 859-2056 International: (404) 537-3406Conference ID: 3074158 About Tronox Tronox Limited is a vertically integrated mining and inorganic chemical business. The company mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products. For more information, visit tronox.com . About Cristal Cristal (also known as The National Titanium Dioxide Company Limited) operates eight manufacturing plants in seven countries on five continents and employs approximately 4,100 people worldwide. Cristal is owned 79 percent by Tasnee (a listed Saudi joint-stock company) and 20 percent by Gulf Investment Corporation (GIC), a company equally owned by the six states of the Gulf Cooperation Council (GCC), headquartered in Kuwait. One percent of the company is owned by Dr. Talal A. Al-Shair, who also serves as vice chairman, Tasnee and chairman of Cristal.
Media Contact: Melissa ZonaDirect: +1 636.751.4057Investor Contact: Brennen ArndtDirect: +1 203.705.3730 View original content with multimedia: http://www.prnewswire.com/news-releases/tronox-seeks-opportunity-for-decision-on-merits-of-proposed-cristal-acquisition-300587131.html SOURCE Tronox Limited