TSX:CUS.DB.D - Post by User
Post by
asnetson Nov 07, 2014 9:02am
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Post# 23105828
Conflicting statements between PR & Wonnacott....
Conflicting statements between PR & Wonnacott....Interesting comments within the same PR...early on the PR the following:
Canexus has received numerous proposals from North American parties regarding the potential purchase of NATO. Certain parties are being invited to complete their reviews and submit definitive offers. There is no assurance that a transaction, if pursued, will be concluded.
Then near the end of the PR, Wonnacott pretty much spells out that NATO will be sold for sure!
"This is a period of transition for Canexus," commented Doug Wonnacott, President and CEO. "We are making solid progress with the sale of NATO and I am pleased with the significant level of interest from a diverse group of potential buyers. A successful disposition of NATO will help stabilize the Corporation by providing funds to de-lever the balance sheet, thereby creating a solid foundation to build upon our impressive portfolio of chemical assets and move Canexus forward."
We'll see what the market reads into this....