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Kerr-McGee considers TiO2 options

29 June 2005

Energy and chemicals producer Kerr-McGee Corp. filed in early June for an initial public offering (IPO) of its titanium dioxide pigment producing subsidiary, formerly known as Kerr-McGee Chemical. The offering is for as much as $300m. of Class A common stock.

The subsidiary is temporarily being referred to as New-Co Chemical, which had 2004 sales of $1,300m. If it proceeds with the IPO approach, Kerr-McGee...

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