Oct 6 (Reuters) - Superior Plus Corp SPB.TO :
* To acquire Canexus Corporation enhancing and expanding the specialty
chemicals platform
* Says Canexus shareholders will receive 0.153 of a superior common share for
each Canexus common share
* Says deal represents total equity value of $316 million on a fully-diluted
basis and an enterprise value of $932 million
* Says arrangement agreement has been unanimously approved by the boards of
directors of Canexus and Superior
* Arrangement agreement provides for payment by Canexus of a $25 million
termination fee if agreement is terminated in some circumstances
* Has secured committed $650 million bridge financing facility with National
Bank of Canada and J.P. Morgan Securities LLC
* Permanent financing for transaction is expected to be obtained in due course
through a combination of new debt and equity issuances
* Source text for Eikon ID:SPB.TO
* Further company coverage SPB.TO