CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

FYI >>> Deal is Done

[TimeBuilder]

Finally..........

Press release from Marketwire

Canexus Announces Receipt of Regulatory Approvals

Wednesday, March 08, 2017

 

Canexus Announces Receipt of Regulatory Approvals

18:54 EST Wednesday, March 08, 2017

CALGARY, AB --(Marketwired - March 08, 2017) - Canexus Corporation (TSX: CUS) ("Canexus" or the "Corporation") announced today that the Canadian Competition Bureau issued a no-action letter under the Competition Act (Canada) in respect of the proposed acquisition of Canexus (the "Transaction") by an indirect wholly-owned subsidiary of Chemtrade Logistics Income Fund. Canexus previously received approvals for the Transaction from its shareholders and the Court of Queen's Bench of Alberta and the condition relating to regulatory approvals has now been satisfied. Subject to the satisfaction of customary closing conditions, Canexus anticipates completing the Transaction on March 10, 2017.

[ggpark11]

Lucky they got this deal, nothing else was postive for them.  Last 5 years, over a 80% drop in shareholder value, horrible management decisions over this period.  New management and staff will clean up here and bring back to shareholder value.