KRONOS: Change of Control Resulting from the Death of Ms Serena Simmons Connolly

摘要

In its latest 10-K/Annual Report, Kronos points out that an investor who had spent $US 100 on purchasing Kronos shares at the end of December 2014 and consistently reinvested all cash dividends and other distributions would be holding shares with a market valuation of $US 136 at the end of 2019. For the peer group (Chemours, Venator and Tronox), the same exercise would result in a valuation decrease of $US 23, i.e. the original $US 100 investment would be worth only $US 77 at the end of 2019.