The US FTC Chief Administrative Law Judge halts the acquisition of a titanium dioxide producer by a chemical company on the grounds that it would substantially lessen competition (Tronox / Cristal)

In Short The Development: A Federal Trade Commission ("FTC") administrative judge ("ALJ") has blocked Tronox Corporation's proposed acquisition of the titanium dioxide ("TiO2") business of The National Titanium Dioxide Company Limited ("Cristal"), concluding that the transaction may substantially lessen competition for the sale of chloride process TiO2 in North America. The Result: The ruling aligns with the prior federal district court preliminary injunction decision in September 2018 and extends Tronox's odyssey to more than two years. Looking Ahead: Tronox can make its case to the full Commission; however, its agreement with Cristal expires in March 2019. Background Since it announced the Cristal acquisition in February 2017, Tronox has faced numerous antitrust roadblocks. As

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Authors

  • Jones Day (Washington)
  • Jones Day (Washington)
  • Jones Day (Washington)

Quotation

Peter J. Love, Michael A. Gleason, Kristie Xian, The US FTC Chief Administrative Law Judge halts the acquisition of a titanium dioxide producer by a chemical company on the grounds that it would substantially lessen competition (Tronox / Cristal), 14 December 2018, e-Competitions December 2018, Art. N° 107845

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