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BRIEF-Chemtrade announces offer to acquire Canexus for about $884 mln
October 3, 2016 / 11:47 AM / a year ago

BRIEF-Chemtrade announces offer to acquire Canexus for about $884 mln

Oct 3 (Reuters) - Chemtrade Logistics Income Fund

* Chemtrade announces offer to acquire Canexus

* Chemtrade to present offer directly to shareholders after Canexus board of directors “repeatedly refuses to engage”

* Chemtrade to offer $1.50 in cash per Canexus common share.

* Offer values Canexus at an enterprise value of approximately $884 million Source text for Eikon: Further company coverage:

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