Investment Summary

Kerr-McGee Exits Tronox

On November 21, 2005, invested in chemicals company Tronox from Kerr-McGee

Investment Highlights
  • This is transaction in the Chemicals sector.
  • This is transaction in the United States.
  • This is transaction in Connecticut.

Investment Summary

Date 2005-11-21
Target Tronox
Sector Chemicals
Sellers(s) Kerr-McGee
Deal Type Spin Off

Target

Tronox

Stamford, Connecticut, United States
Tronox is a provider of mining, production, and marketing of inorganic minerals and chemicals. Tronox is based in Stamford, Connecticut.

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Seller(S) 1

SELLER

Kerr-McGee

The Woodlands, Texas, United States

Category Company
Founded 1929
Sector Oil/Gas Exploration
Employees3,865
DESCRIPTION

Kerr-McGee's largest property concentrations are in the deepwater Gulf of Mexico and onshore in the Rockies. Gulf of Mexico properties include 504 deepwater blocks encompassing seven operated and three non-operated producing fields, five operated and three non-operated discoveries in various stages of development, and four additional prospects that should be drilled this year.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Spin Off M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-06 Westport Resources

Denver, Colorado, United States

Westport is a natural gas exploration and acquisition company that operates in North Dakota, Wyoming, Oklahoma, Texas and Louisiana. It also has offshore properties in the Gulf of Mexico.

Buy $3.4B