Replies to post #4466 on Tronox Inc. (TROX)

[titaniuminvestor]

The reality of the situation is that both the A shares and the B shares should be trading at the same value.

The voting power of the B shares is 6 times that of the A shares, however, you cannot place any intrinsic value on voting rights.

Most of those in the market for shares try to pick up either the A or the B's, which ever you can get at the lowest price. At the end of the day, after this process they will all be placed at the same value.

Of course, one would rather have more voting rights, but paying more for the B shares for this votiing is a bad strategy, IMO.

[titaniuminvestor]

From the Tronox website, you will find the following information:



What are the trading symbols and CUSIP numbers for Tronox stock?
Tronox is traded under two classes of shares, TRXAQ.PK and TRXBQ.PK The CUSIP numbers are:

TRXAQ 897051108
TRXBQ 897051207

Why do you have two classes of shares (TRXAQ and TRXBQ)?

The dual class structure was established by our former parent, Kerr-McGee, as part of the IPO and spin-off. The B shares were held by Kerr-McGee until March 30, 2006, at which time they were distributed to the shareholders of Kerr-McGee, thereby completing the spin-off of Tronox.

What is the difference between Tronox’s Class A (TRXAQ) and Class B (TRXBQ) common stock?

The holders of Class A common stock and Class B common stock have identical rights, except that holders of Class A common stock are entitled to one vote per share, while holders of Class B common stock are entitled to six votes per share on all matters to be voted on by stockholders.

On which stock exchange is Tronox listed?

Tronox common stock is traded over the counter and quoted on the Pink Sheets.

Do you plan to collapse this dual class equity structure in the future?

We do not have any plans to change the dual class structure.
What is the tax basis for the Tronox class B shares I received from Kerr-McGee in March of 2006?

Please contact Computershare Trust Company, N.A. for information regarding the tax basis for this distribution event.

Computershare Trust Company, N.A.
1-800-884-4225 toll free in North America
1-781-575-4706 outside North America

I received Tronox B shares in 2006 as part of Kerr-McGee's distribution. How can I confirm how many shares I currently own?

For assistance with most services related to stock ownership, such as change of address, dividend checks, lost certificates and direct purchase, contact our transfer agent:

Computershare Trust Company, N.A.
1-800-884-4225 toll free in North America
1-781-575-4706 outside North America