Closing arguments concluded yesterday in Tronox's (TROX -3%) case against Anadarko (APC -0.9%),...

|About: Tronox Inc. (TROX)|By:, SA News Editor
Closing arguments concluded yesterday in Tronox's (TROX -3%) case against Anadarko (APC -0.9%), and Jefferies notes one of court's questions implied $2B-$3B would be the minimum acceptable to the U.S. for clean-up. Jefferies believes a judgment against APC in this range would be a bullish outcome, as it estimates at least $4B is priced into APC shares.