Kirkland & Ellis LLP represented Tronox Limited (NYSE: TROX), which announced today that it signed a definitive agreement with FMC Corporation (NYSE: FMC) to acquire its Alkali Chemicals business for $1.64 billion. Tronox will fund the acquisition through existing cash and new debt pursuant to signed commitments from multiple banks. The transaction, which has been approved by the boards of directors of both companies, is expected to close in the first quarter of 2015 and is subject to customary closing conditions. Details on the transaction are available here.
The Kirkland team included corporate partners Scott Falk and Richard Brand and associates John Kupiec and Peter Park, Daniel Tavakoli, Erika Lopez and Lukas Richards; tax partners Todd Maynes and Steve Clemens and associates Stephen Butler and Christine Lehman; intellectual property partners Neil Hirshman and Dawn Dawson and associate Shatra Bell; labor of counsel John Irving and associate Ashley James; employee benefits partner Jack Bernstein and associate Erica Buerger; executive compensation partner Michael Krasnovsky and associate Alena Jirovska; environmental partners Brian Land and Jeanne Cohn-Connor and associate Carleigh Rodriguez; real estate partner Roberto Miceli and associates Joy Spezeski and Jason Fried; antitrust partners Ian John, Shaun Goodman, Ian Conner and Bilal Sayyed and associate Annie Herdman; and international trade associates Chase Kaniecki and Diego Ortega.