Tronox Exits Ch. 11, Sets Sights On Stock Listing

Law360, New York (February 15, 2011, 4:46 PM EST) -- Pigment maker Tronox Inc. has emerged from Chapter 11 bankruptcy protection with 15 million shares of common stock outstanding and plans to eventually be relisted on a national stock exchange.

The ill-fated spinoff from Kerr-McGee Corp. had claimed it was saddled with billions of dollars in legacy environmental responsibilities that helped push it into bankruptcy two years ago, after Anadarko Petroleum Corp. purchased Kerr-McGee and went to battle over the contamination liabilities.

"Our emergence from bankruptcy and our new capital structure is a significant accomplishment and...
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