New York, February 06, 2015 -- Moody's Investors Service placed the ratings of Tronox Limited (Tronox, Ba3 CFR) under review for downgrade. The review was prompted by the company's announcement that it has entered into an agreement to purchase FMC Corporation's soda ash business for $1.64 billion. The all cash deal, which will be funded with about $1.1 billion of existing cash on Tronox's balance sheet and $600 million of new debt, is expected to close in the first quarter of 2015.
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