BRIEF-Superior Plus terminates arrangement agreement with Canexus

Thu Jun 30, 2016 7:34am EDT
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June 30 (Reuters) - Superior Plus Corp

* Superior plus announces the termination of the arrangement agreement with canexus

* Says parties have failed to reach agreement on terms that would allow transaction to proceed

* Among other things, superior had sought to get canexus to remedy breach of certain provisions of agreement

* Had requested canexus extend outside date of june 29, 2016 to provide sufficient time to respond to legal proceedings commenced by ftc Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)