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Tronox Ltd (TROX.N)

TROX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tronox announces offering of $450 million aggregate principal amount of 5.750% Senior Notes
Thursday, 14 Sep 2017 10:07pm EDT 

Sept 15 (Reuters) - Tronox Ltd -:Tronox announces offering of $450 million aggregate principal amount of 5.750% Senior Notes.Tronox ltd- has priced its offering of $450 million aggregate principal amount of 5.750% Senior Notes due 2025 through its subsidiary, Tronox Finance plc.Tronox ltd- proceeds of notes are expected to fund redemption of outstanding amount of $900 million aggregate principal amount of 6.375% Senior Notes due 2020.  Full Article

Tronox announces proposed offering of senior notes
Tuesday, 12 Sep 2017 08:49am EDT 

Sept 12 (Reuters) - Tronox Ltd :Tronox announces proposed offering of senior notes.Tronox Ltd - ‍Tronox Finance Plc intends to offer senior notes due 2025​.Tronox - ‍ to use net proceeds from offering to fund redemption of $900 million of 6.375 pct senior notes due 2020 issued by Tronox Finance ​.  Full Article

Tronox Q2 non-GAAP earnings per share $0.09
Tuesday, 8 Aug 2017 05:31pm EDT 

Aug 8 (Reuters) - Tronox Ltd :Tronox reports second quarter 2017 financial results.Q2 adjusted non-GAAP earnings per share $0.09.Q2 revenue rose 16 percent to $622 million.Q2 GAAP earnings per share $0.02.  Full Article

Tronox board elects Ilan Kaufthal non-executive chairman
Tuesday, 27 Jun 2017 06:32pm EDT 

June 27 (Reuters) - Tronox Ltd ::Tronox board elects Ilan Kaufthal non-executive chairman.Appointed Timothy Carlson, CFO of co, to fill vacancy created by untimely passing of former chairman, CEO Thomas Casey.Ilan Kaufthal will serve as chairman of succession committee.  Full Article

Tronox identified misstatement in selling, general,administrative expense for certain prior periods
Friday, 2 Jun 2017 04:56pm EDT 

June 2 (Reuters) - Tronox Ltd : :Tronox - ‍during quarter ended march 31, 2017, identified misstatement in selling, general,administrative expense for certain prior periods .Tronox Ltd- aggregate misstatement is $11 million .Tronox Ltd- misstatement impacts statements for years ended December 31, 2015 and 2016 among other periods .  Full Article

Tronox commences implementation of executive leadership transition plan
Wednesday, 10 May 2017 04:45pm EDT 

May 10 (Reuters) - Tronox Ltd ::Tronox commences implementation of executive leadership transition plan.Tronox Ltd - Tom Casey retiring as CEO, will remain as chairman of board.Tronox Ltd - Peter Johnston named interim CEO.Tronox Ltd - board has retained Korn Ferry to conduct ceo search and will consider both internal and external candidates.Tronox Ltd - begun implementation of leadership transition plan, which was previously announced by company's board of directors on March 29, 2016.  Full Article

Tronox reports Q1 revenue of $569 million
Wednesday, 3 May 2017 04:40pm EDT 

May 3 (Reuters) - Tronox Ltd :Tronox reports first quarter 2017 financial results.Q1 adjusted non-GAAP loss per share $0.26.Q1 revenue rose 20 percent to $569 million.Q1 GAAP loss per share $0.35.  Full Article

Exxaro Resources to begin to monetise its stake in Tronox to focus on core activities
Wednesday, 8 Mar 2017 09:00am EST 

Exxaro Resources : Exxaro announces intention to begin a path to monetise its stake in Tronox in order to focus on core activities . Will explore available alternatives to monetise its stake in Tronox in staged process over time . Exxaro intends to apply proceeds from any future sales to, amongst others, Exxaro's core operations and to fund capital commitments . Tronox has announced a definitive agreement to acquire titanium dioxide business of cristal for usd $1.673 billion of cash and stock . As Tronox's largest shareholder, Exxaro intends to vote its shares in favour of proposed transaction . Upon implementation of proposed transaction, Exxaro's 44% stake would be diluted to approximately 33% . Deal expected to proceed in stages over time in an efficient and organised manner and would likely not begin until second half of 2017 .J.P. Morgan is acting as exclusive financial advisor to Exxaro with respect to tronox and cristal transaction.  Full Article

Saudi's Tasnee unit to sell titanium dioxide business to Tronox for $1.67 bln cash
Tuesday, 21 Feb 2017 09:36am EST 

National Industrialization Company <2060.SE>: Unit Cristal enters into agreement to sell domestic, international titanium dioxide business to Tronox for cash and newly shares . Deal in return for $1.673 billion cash and 37.6 million of newly issued class A shares in Tronox . Closing of deal is expected to occur within 15 months from the date hereof, subject to regulatory approvals . Size of the company board of directors will remain unchanged at nine members . Tom Casey will remain chairman and chief executive officer of combined business . As result of transaction, using cash consideration, Cristal shall fully repay its bank debt of $1.673 billion outstanding in Saudi Arabia . HSBC Saudi Arabia and Perella Weinberg partners are acting as financial advisors . Transaction will significantly deleverage Tasnee consolidated balance sheet from 6.0x to 4.5x pro forma Dec 2016 post transaction .Actual impact on net income and shareholders equity shall be determined at the date of closing of this transaction.  Full Article

Tronox reports Q4 adj. loss per share $0.14
Tuesday, 21 Feb 2017 07:30am EST 

Tronox Ltd : Tronox reports fourth quarter and full year 2016 financial results . Q4 adjusted non-GAAP loss per share $0.14 . Q4 revenue $548 million .Q4 GAAP earnings per share $1.00.  Full Article

BRIEF-Tronox announces offering of $450 million aggregate principal amount of 5.750% Senior Notes

* Tronox announces offering of $450 million aggregate principal amount of 5.750% Senior Notes