Replies to post #3855 on Tronox Inc. (TROX)

[everett7]

What's the outcome though? Isn't 5% of a $1.2 billion enterprise value $60 million or $1.50 per share ?


If the class of Equity Interests
votes in favor of the Plan, Holders shall receive their Pro Rata share of New Tranche C Warrants to be
issued on the Effective Date pursuant to the terms of the New Tranche C Warrant Agreement, the form of
which will be included in the Plan Supplement. The New Tranche C Warrants will entitle the holders
thereof to purchase 5.0% of the New Common Stock in Reorganized Tronox issued on the Effective Date
(subject to dilution), at an exercise price indicative of an implied total enterprise value of $1.2 billion.