June 20 (Reuters) - Superior Plus Corp SPB.TO
* Has not reached agreement with FTC on divestiture package
which would address concerns raised by FTC, allow transaction to
close
* Superior expects that FTC may commence litigation as early
as June 24, 2016 to enjoin transaction
* Superior continues to make submissions in support of a
negotiated resolution
* Given extent of proposed remedies, anticipated economic
benefits of transaction, if it did proceed, would be reduced
* Says transaction would still be accretive to superior
after realization of expected synergies
* Superior plus announces update on discussions with federal
trade commission and Canexus
Source text for Eikon: ID:nMKWbndb9a
Further company coverage: SPB.TO