Superior Plus to buy chemical maker Canexus Corp

Tue Oct 6, 2015 7:23am EDT
 
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Oct 6 (Reuters) - Diversified chemicals company Superior Plus Corp said it would buy chemicals and handling company Canexus Corp for C$324.1 million.

Canexus shareholders will get 0.153 of a Superior share. This works out to C$1.74 for each share, a premium of 47.5 percent to Canexus closing price on Monday. (Reporting by Anannya Pramanick in Bengaluru; Editing by Shounak Dasgupta)