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Tronox Ltd has signed a definitive agreement to acquire the TiO2 operations of Cristal for US$1.673 billion in cash plus shares representing a 24% stake in the new entity. The deal is expected to close before Q1 2018.
“Tronox Ltd has signed a definitive agreement to acquire the TiO2 operations of privately owned Saudi Arabian chemical and mining concern Cristal for US$1.673 billion in cash plus Class A ordinary shares representing a 24% stake in the new entity.”doi.org
Summarized from public sources; check the original articles before acting on it.