Seeking Alpha

Simmons death may pave the way for Kronos takeover, Citi says

  • Kronos Worldwide (KRO +8.1%) is now back in play for a potential takeover bid, and the death of Harold Simmons - whose estate owned most of Contran Corp., which holds a vast majority of KRO stock - may have opened the door, according to Citi credit analyst James Finnerty.
  • One company that might make a run at KRO is Tronox (TROX +0.7%) after raising $1.5B from a term loan issued last March, the analyst speculates.
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