Reuters reveals buyout firm Apollo makes $4.3 billion offer to buy Tronox

Last Updated on 22/09/2021 by

Business & Finance

Tronox Holdings Plc shares rose as much as 23% after Reuters revealed that private equity firm Apollo Global Management Inc had approached the pigment manufacturer with a $4.3 billion all-cash offer. Tronox makes titanium dioxide pigment and other chemicals used to add brightness and durability to paints, plastics and paper. The COVID-19 pandemic weighed on demand for many of Tronox’s products, but the company has said its core markets are recovering as the world’s major economies bounce back. 

Market Impact

Tronox Holdings Plc shares rose as much as 23%.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: North America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Source link