Venator Shares Rise 22% After Company Gets $85M in Settlement with Tronox

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By Stephen Nakrosis

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Shares of Venator Materials PLC were higher in Monday’s late-trading session, after the company said it received $85 million in cash from Tronox pursuant to a settlement agreement.

Venator said the settlement is related to the recent Superior Court of Delaware judgement in its favor for $75 million. “The settlement amount of $85 million includes an additional $10 million of value representing a negotiated amount of interest originating from 2019 when conditions were met that required Tronox to pay a $75 million ‘Break Fee’- to Venator,” Venator said.

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Earlier this month, Tronox said it was disappointed in the judge’s decision and is studying the ruling and whether to appeal the decision.

At 5:54 pm ET, shares of Venator were trading 22.47% higher, at $2.18 per share. The stock finished the day’s regular session with a 1.11% loss, closing at $1.78 per share.

Venator makes and markets chemical products.

Write to Stephen Nakrosis at [email protected]

By Stephen Nakrosis

Shares of Venator Materials PLC were higher in Monday’s late-trading session, after the company said it received $85 million in cash from Tronox pursuant to a settlement agreement.

Venator said the settlement is related to the recent Superior Court of Delaware judgement in its favor for $75 million. “The settlement amount of $85 million includes an additional $10 million of value representing a negotiated amount of interest originating from 2019 when conditions were met that required Tronox to pay a $75 million ‘Break Fee’- to Venator,” Venator said.

Earlier this month, Tronox said it was disappointed in the judge’s decision and is studying the ruling and whether to appeal the decision.

At 5:54 pm ET, shares of Venator were trading 22.47% higher, at $2.18 per share. The stock finished the day’s regular session with a 1.11% loss, closing at $1.78 per share.

Venator makes and markets chemical products.

Write to Stephen Nakrosis at [email protected]

By Stephen Nakrosis

Shares of Venator Materials PLC were higher in Monday’s late-trading session, after the company said it received $85 million in cash from Tronox Holdings PLC pursuant to a settlement agreement.

Venator said the settlement is related to the recent Superior Court of Delaware judgement in its favor for $75 million. “The settlement amount of $85 million includes an additional $10 million of value representing a negotiated amount of interest originating from 2019 when conditions were met that required Tronox to pay a $75 million ‘Break Fee’ to Venator,” Venator said.

Earlier this month, Tronox said it was disappointed in the judge’s decision and is studying the ruling and whether to appeal the decision.

At 5:54 pm ET, shares of Venator were trading 22.47% higher at $2.18 per share. The stock finished the day’s regular session with a 1.11% loss, closing at $1.78 per share.

Venator makes and markets chemical products.

Write to Stephen Nakrosis at [email protected]

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Credit: www.marketwatch.com /

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