Ashurst acted as Australian legal counsel to NYSE listed Tronox Limited ('Tronox') on its definitive agreement to acquire the TiO2 Business of Cristal, for US$1.673 billion of cash and Class A ordinary shares representing a 24% ownership in pro forma Tronox, a total consideration based on current share valuation of approximately US$2.2 billion. The transaction was announced by the parties on 21 February 2017.
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