Tronox Inc. (TROX)

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34. The best alternative to a § 363(b) sale is ultimately, of course, reorganization.
The Equity Committee is currently working on an alternative plan that would effectively separate
the operating assets of Tronox from the Legacy Liabilities and the Anadarko Litigation allowing
the reorganized company to emerge from bankruptcy before those complex issues are resolved.
This plan, as mentioned above, would provide for an emerging operating business with sufficient
cash flow to service an appropriate level of debt, would preserve sufficient value for a full return
to the Debtors’ bondholders, and would retain substantial equity value and upside for the public
shareholders.
http://www.kccllc.net/documents/0910156/0910156090911000000000006.pdf