TSX:CUS.DB.D - Post by User
Comment by
Khersonon Mar 14, 2016 10:34am
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Post# 24655177
RE:TD report
RE:TD report matmckenzie wrote:
Excluding the one-time items, results in the quarter exceeded our forecast, with material q/q improvement seen at the North American chlor-alkali business, despite an ongoing compressor issue limiting production capacity. The sodium chlorate and Brazil businesses remain relatively stable. TD Investment Conclusion We view the acquisition of Canexus by Superior Plus as a positive for Canexus shareholders, who are able to obtain a significant premium to the shares' trading range prior to the deal announcement and to our view of fair value of the company, Given our view that the transaction will close in the coming months
The problem belies in the fact on whether Canexus can remain solvent before the merger is completed! If the banking syndicate does not ease the financial covenants by March 31st, then Canexus must get permission from Superior to seek other forms of financing.
Kherson