BUZZ-Canexus Corp: Superior Plus to buy co for C$324.1 mln

Tue Oct 6, 2015 10:23am EDT
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** Chemicals and handling company's stock rises as much as 34.7 pct to C$1.59; top percentage gainer on Toronto Stock Exchange

** Superior Plus Corp shares down 3.3 pct at C$11

** Diversified chemicals company Superior Plus to buy Canexus for C$324.1 mln

** All-stock offer values company at C$1.74, representing a premium of 47.5 pct to Canexus Monday close

** Canexus stockholders to get 0.153 of Superior Plus share

** Canexus stock set for highest intraday percentage gain in more than 13 years

** Up to Monday's close, stock had lost almost three-fourths of its value in the past 12 months