Witness Says Huntsman's Tronox Bid Historically Low

Law360, New York (November 11, 2009, 12:40 PM EST) -- An expert from chemical and life sciences investment bank Young & Partners LLC has testified that the current bid by Huntsman Corp. for Tronox Inc. does not adequately value the bankrupt chemical company's assets.

Stephen Floyd, managing director of Young & Partners, made a declaration on Tuesday in U.S. Bankruptcy Court for the Southern District of New York supporting the Official Committee of Equity Securities Holders in a motion to terminate Tronox's period of exclusivity to file a reorganization plan.

Huntsman's bid represents an earnings before...
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