Dec 15 (Reuters) - Canexus Corp CUS.TO :
* 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: CUS.TO