Venator Materials PLC (VNTR) Receives $85M Cash in Settlement with Tronox
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Venator Receives $85 Million Cash in Settlement with Tronox
April 25, 2022 4:30 PM EDTWYNYARD, UK, April 25, 2022 /PRNewswire/ -- Venator Materials PLC ("Venator") (NYSE: VNTR) today announced that it received $85 million in cash from Tronox pursuant to its settlement agreement with Tronox related to the recent Superior Court of Delaware judgement in favor of Venator 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. The settlement agreement resolves all legal disputes between the parties contested in the Superior... More
