October 29, 2010 (FinancialWire) (http://www.financialwire.net/) — Kronos Worldwide, Inc. (NYSE: KRO) said it has priced a public offering of 7.8 million shares of its common stock at a price of $40 per share.

Wells Fargo Securities (NYSE: WFC), Deutsche Bank Securities (NYSE: WB) and Stephens are acting as joint book running managers.

Kronos granted the underwriters an option to purchase up to an additional 1.17 million shares of common stock to cover over-allotments. The offering is expected to close on or about November 2.

The company expects to see net proceeds, before giving effect to any exercise of the underwriters' overallotment option, of $293.5 million.

Kronos plans to use the net proceeds of this offering for general corporate purposes, which may include possible acquisitions of additional TiO2 facilities.

Texas-based Kronos Worldwide is an international producer of titanium dioxide products (TiO2).

Titanium dioxide is the naturally occurring oxide of titanium that, when used as a pigment, it is called titanium white, Pigment White 6, or CI 77891. It has a range of applications, including paint, sunscreen, food coloring and others.

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