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BRIEF-Chemtrade announces offer to acquire Canexus for about $884 mln

Published 2016-10-03, 07:43 a/m
© Reuters.  BRIEF-Chemtrade announces offer to acquire Canexus for about $884 mln
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Oct 3 (Reuters) - Chemtrade Logistics Income Fund CHE_u.TO

* Chemtrade announces offer to acquire Canexus

* Chemtrade to present offer directly to shareholders after Canexus board of directors "repeatedly refuses to engage"

* Chemtrade to offer $1.50 in cash per Canexus common share.

* Offer values Canexus at an enterprise value of approximately $884 million Source text for Eikon: ID:nCNW5MnhYa Further company coverage: CHE_u.TO

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