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

RE:Be Wary on Canexus

[Kherson]

Olderguy wrote: The following statement in the Superior Plus Q1 report caused me to take a bird in the hand rather than one in the bush. "Potential Remedies" means the US may not approve the takeover or may have it substantially altered. Be wary, this is an election season and the US does not take kindly to Canadian takeovers.
 

• In the first quarter, Superior and Canexus continued to provide information to and have discussions with the regulatory authorities in Canada and the United States. Superior and Canexus mutually agreed to extend the Outside Date of the Arrangement Agreement by 90 days to June 29, 2016. The discussions with the regulatory authorities are currently focused on potential remedies.
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The above speaks volumes!
I have been saying for 6 months now that Canexus will be seeking CCAA protection before any merger agreement is finalized...
Kherson