Tronox Inc. (TROX)

[newbster1235213]

It looks as if the debtors and the EC have agreed to all a dual solicitation process...if both Disclosure Statements are approved.

"The Equity Committee proposes that each voter will receive a single solicitation package. Inside that solicitation package will be (i) a CD601273879v24 ROM containing the Debtors’ disclosure Statement and related materials, (ii) a CD-ROM
containing the Equity Committee Disclosure Statement and related materials, (iii) individual ballots that will be color-coded for each of the Competing Plans (e.g., blue paper ballot for the
Debtors’ Plan and yellow paper ballot for the Equity Committee Plan), (iv) if applicable, a single subscription form that will be applicable to both the Debtors’ and the Equity Committee’s
respective Rights Offerings (the “Rights Offerings Subscription Form”), (v) a paper copy summary of the differences between the Competing Plans, and (vi) a paper copy set of instructions that will advise voters as to how the Ballots and Rights Offerings Subscription Form, if applicable, should be completed. The Debtors have indicated that such procedures are
acceptable to them."

But they agreed to be in the same package....Hope everyone has a computer.

"Parties will have the right to (i) accept each of the Competing Plans, (ii) reject each of the Competing Plans, or (iii) accept or reject only one of the Competing Plans. A blackline showing the differences between the Debtors’ Solicitation Procedures and the Omnibus Solicitation Procedures is attached hereto as Exhibit B."


So the EC wants to set it up as a battle between which one provides a better return to each class. Correct me if I'm wrong but it seems from September 2nd EC Disclosure Statement that the EC basically made the pie larger and gave bigger pieces to each class?