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Tronox Wins Confirmation of Plan to Exit Bankruptcy

"Tronox Inc., the chemical maker that sued Anadarko Petroleum Corp. over environmental liabilities that it said drove it to bankruptcy, won approval of a plan that paves the way for it to exit court protection in January.

Jonathan Henes, a lawyer for Tronox, said the company will probably exit bankruptcy in the first two weeks of January due to the public notice period required for its settlement with the U.S. over environmental liabilities."

This article appeared in its entirety in the November 18, 2010 edition of Bloomberg News.