Equity Holder Plan Values Tronox At $1.25B

Law360, New York (September 03, 2010, 3:33 PM ET) -- Equity security holders of Tronox Inc. have filed a rival reorganization plan that puts a total value of about $1.25 billion on the bankrupt chemical company, around $400 million more than a plan Tronox submitted.

The official committee of equity security holders in a reorganization plan filed Thursday in the U.S. Bankruptcy Court for the Southern District of New York also criticized the return a group of bondholders would receive under the Tronox plan and vowed to fight the Tronox plan.

“The equity committee believes that...
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