US Federal Trade Commission (FTC) filed a complaint against Tronox in the US District Court in the District of Columbia regarding the proposed acquisition of Cristal (owned by Tasnee). Based on the release, the complaint notes that the proposed acquisition violates antitrust laws by significantly reducing competition in the North American market for chloride-process Tio2. Tronox responded to the news shortly after, stating that it has made several attempts to prompt this action by FTC, which allows the legality of the proposed acquisition to be decided expeditiously on its merits. Tronox added that FTC's objections to the Cristal transaction are entirely misplaced and that the transaction will benefit consumers through significantly increased production of TiO2 and efficiencies arising from the post-merger increased vertical integration. 

National Industrialization Company: SAR23.78 as of 10 Jul. 2018, Rating: Neutral, TP: SAR19.50/share, MCap: USD4,242mn, NIC AB/2060.SE