VNTR - Apollo makes $4.3B buyout offer for Tronox - Reuters

Tronox (TROX +13.5%) spikes higher following a Reuters report that Apollo Global Management (APO +1.3%) approached the company with a $4.3B all-cash takeover offer. According to the report, Apollo has offered $27/share to buy Tronox, which has hired advisers to consider the bid and has yet to decide on next steps. Related names Venator (VNTR +15.9%) and Kronos (KRO +3.4%) also shot higher on the report. Tronox shares had been hovering at ~$20 before the report but are now trading at three-month highs.

For further details see:

Apollo makes $4.3B buyout offer for Tronox - Reuters