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Chemtrade Logistics to buy chemical maker Canexus
December 16, 2016 / 3:58 AM / a year ago

Chemtrade Logistics to buy chemical maker Canexus

Dec 15 (Reuters) - Chemtrade Logistics Income Fund said it would buy chemicals and handling company Canexus Corp for C$1.65 in cash per share.

The arrangement, which reflects an enterprise value of about C$900 million ($675.22 million) for Canexus, comes after Chemtrade increased its takeover offer to C$1.65 per share from C$1.50 per share on Tuesday. Reuters had earlier reported the discussions. ($1 = 1.3329 Canadian dollars) (Reporting By Aurindom Mukherjee in Bengaluru; Editing by Sunil Nair)

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