Tronox Proposes Sale of Ashtabula Pigment Plant to INEOS Enterprises

Tronox Ltd of Stamford, CT has filed a motion with the judge overseeing proceedings with respect to its proposed acquisition of the titanium dioxide business of the National Titanium Co Ltd (Cristal), seeking permission to present a proposed US$700 million remedy transaction. The motion outlines a proposed remedy transaction to the Federal Trade Commission (FTC)....

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Key Executives to Take Perlite Canada Private

Perlite Canada Inc of Montreal, QC has entered into an acquisition agreement pursuant to which the company’s president and CEO, Richard Barabe, and Secretary, Martin Joyal, will acquire, through a newly-formed corporation, all of the issued and outstanding common shares of the corporation (excluding those owned by the principals), at a price of CDN$0.80/share in...

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Nutrien Sells SQM Shares to Tianqi Lithium

Nutrien Ltd of Calgary, AB has closed the sale of its remaining Sociedad Quimica y Minera de Chile SA (SQM) shares to Tianqi Lithium Corp of China for gross proceeds of approximately US$4.1 billion. This is the final divestiture required by the Competition Commission of India and Ministry of Commerce in China in providing their...

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Oil-Dri Corp Sees Promise in Value-Added Products

Oil-Dri Corporation of America of Chicago, IL has reported net income of US$934,000 on net sales of US$66.1 million for its first quarter, the three months ended October 31, 2018 compared with US$3.0 million on sales of US$66.6 million in the corresponding period of 2017. Daniel S Jaffee, Oil-Dri’s CEO, said, “I am not pleased...

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Emerge Closes Half of Northern White Capacity

Emerge Energy Services LP of Southlake, TX has reported a third quarter net loss of US$3.9 million on revenues of US$63.0 million compared with a net income of US$5.0 million on revenues of US$103.2 million in the same period of 2017. Ted W Beneski, Emerge’s Chairman, said, “We experienced disappointing results in the third quarter...

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