Tronox Strikes Truce With Equity Committee

Law360, New York (November 3, 2010, 5:13 PM EDT) -- Bankrupt titanium dioxide maker Tronox Inc. has inked a settlement deal with its official committee of equity holders, the company said Wednesday after cinching the committee members' support for its reorganization plan by agreeing to hand them a bigger stake in the reorganized company.

Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern District of New York mediated the settlement discussions, which included Tronox's official committee of unsecured creditors and the ad hoc committee of holders of the company's prepetition unsecured notes, Tronox...
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