Tronox Inc. (TROX)

[fuller11]

So the company buys back 12.6 million shares and the stock barely moves, acutally is trending downwards? It would have been much better to pay the sharesholders a special dividend (like they originally said they would and then suddenly changed their mind)!



"The company has repurchased 12.6 million Class A shares. As a result of this buyback, Exxaro Resources Ltd., the company's largest shareholder, now holds 43.7 percent of Tronox common shares outstanding. Under the terms of a transaction completed in June 2012, in which Tronox acquired Exxaro's Mineral Sands business, Exxaro ownership may not exceed 45 percent of Tronox's common shares outstanding for a three-year period that commenced with the date of the transaction."