Business
Chemtrade announces expiration of HSR waiting period for its offer for Canexus Corporation
Chemtrade announces expiration of HSR waiting period for its offer for Canexus Corporation...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n\n\nChemtrade announces expiration of HSR waiting period for its offer for Canexus Corporation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nChemtrade announces expiration of HSR waiting period for its offer for Canexus Corporation\nCanada NewsWire\nTORONTO, Oct. 20, 2016\n\n\n\n\nChemtrade acknowledges filing of Canexus directors' circular and will respond in due course.\n\n\n\nTORONTO, Oct. 20, 2016 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) (\"Chemtrade\" or the \"Fund\") announced today that the waiting period has expired under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (\"HSR\"), in respect to its proposed acquisition of Canexus Corporation (TSX:CUS) (\"Canexus\") through an indirect, wholly-owned subsidiary of the Fund (the \"Offeror\"). \n\nAs previously announced, the Offeror has commenced a takeover bid (the \"Offer\") to acquire all of the issued and outstanding common shares (the \"Common Shares\") of Canexus for $1.50 in cash per Common Share. The expiration of the HSR waiting period satisfies an important condition of the Offer.\n\nThe Offer will remain open until 5:00 p.m. (Calgary time) on January 18, 2017 unless extended, accelerated or withdrawn by Chemtrade in accordance with the terms of the Offer. Please visit www.CanexusOffer.com for further information.\n\nChemtrade also acknowledges the filing by Canexus of its directors' circular in connection with the Offer. Chemtrade will review the Canexus directors' circular and will provide a comprehensive response in due course. \n\nAbout Chemtrade\n\nChemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, liquid sulphur dioxide, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, sodium chlorate, potassium chloride, and zinc oxide. Additionally, Chemtrade prov...