Sept 15 (Reuters) - Clearwater Capital Management Inc CUS.TO :
* "urged formation of a special committee of Canexus board to fully and fairly consider value-maximizing alternatives"
* Has demanded that Canexus establish a special committee with non-conflicted advisors to oversee process
* Clearwater Capital urges canexus board to engage in negotiations with chemtrade and suspend proposed note offering Source text for Eikon: ID:nCNWHW58Ra Further company coverage: CUS.TO