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BRIEF-Canexus to be bought by Chemtrade for $1.65 per share
December 16, 2016 / 2:47 AM / a year ago

BRIEF-Canexus to be bought by Chemtrade for $1.65 per share

Dec 15 (Reuters) - Canexus Corp :

* Says transaction is to be completed by way of a plan of arrangement under business corporations act (Alberta)

* Says Canexus’ board of directors unanimously determined that arrangement is in best interests of canexus

* Longview Communications is Canexus’ communications advisor. Kingsdale Shareholder Services is Canexus’ strategic shareholder services advisor

* Says deal arrangement reflects an enterprise value of approximately $900 million for canexus

* Says board will recommend that Canexus shareholders vote in favour of arrangement

* Canexus announces agreement to be acquired by Chemtrade for $1.65 per share Source text for Eikon: Further company coverage:

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