Antitrust Waiting Period Ends On Huntsman-Tronox Deal

Law360, New York (November 2, 2009, 5:41 PM EST) -- Huntsman Corp. has inched closer to closing its proposed $415 million acquisition of bankrupt Tronox Inc.'s assets following the expiration of the U.S. antitrust waiting period on the deal, the stalking horse bidder said Monday amid continuing objections to the deal in Tronox's Chapter 11 proceedings.

The expiration of the waiting period under the Hart-Scott-Rodino Improvements Act was among the remaining requirements for the companies to close the sale, which creditors have argued undervalues Tronox's assets.

Huntsman President and CEO Peter Huntsman said his company was...
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