Court approves Tronox’s reorganization plan
HAMILTON — Tronox Inc. announced that on Sept. 30, the United States Bankruptcy Court for the Southern District of New York approved the company’s reorganization.
As a result of such approval, Tronox may now solicit votes on the First Amended Joint Plan of Reorganization of Tronox Incorporated, et al., pursuant to Chapter 11 of the Bankruptcy Code.
The plan will settle Oklahoma City, Okla.-based Tronox’s legacy environmental and tort liabilities and allow it to emerge from chapter 11 in the coming months.
The plan calls for Tronox to reorganize around its existing operating businesses, including its facilities at Hamilton in Mississippi as well as Oklahoma City, Henderson, Nev., Botlek, The Netherlands, and the Tiwest joint venture in Western Australia.
Tronox commenced its chapter 11 cases Jan. 12, 2009.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Prison won’t interrupt ex-prison chief’s retirement cash flow
- Ex-prison boss and businessman admit to bribery scheme
- ASA postmortem: industrial recruiting is a constant cycle of death and life
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- MBJ Business Woman of the Year Top 10
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- Meet the MBJ's Businesswoman of the Year — Rosemary Smith, a business hotshot
- (UPDATED — BREAKING NEWS) American Specialty Alloys won’t locate $1.2B mill in Mississippi
- PHIL HARDWICK: When Bill Cooley talks, people listen
- DAVID DALLAS — Delbert Hosemann: An unsung hero chooses to remain so