Court of Appeals for the D.C. Circuit September 12, 2018, Case No. 1:18-cv-01622 (TNM) (Fed. Trade Comm'n v. Tronox Ltd.)

TREVOR N. MCFADDEN, U.S.D.J.

Last year, two of the world's largest titanium dioxide ("TiO2") producers announced their intent to merge. Tronox Limited agreed to acquire the National Titanium Dioxide Company's TiO2 business, known as "Cristal," for $1.67 billion in cash and a 24% equity stake in the combined firm.