Judge blocks Tronox-Cristal tie-up

摘要

A US court has issued a preliminary injunction, stalling Tronox's takeover of rival titanium dioxide producer Cristal. The injunction was requested by the Federal Trade Commission (FTC), which has opposed the deal due to fears it will decrease competition in the titanium dioxide market, specifically in the market for high-grade chloride-route pigment, leading to higher prices for consumers.