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Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Utilities Utilities - Regulated Gas
Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.


TSX:SPB - Post by User

Superior Plus Corp
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Comment by BlueCollar51on Jun 30, 2016 12:04pm
99 Views
Post# 25012571

RE:Termination Fee of $25 million

RE:Termination Fee of $25 million
Aminvestor1234 wrote: Based on announcement by CUS, under the terms of the Arrangement Agreement, a deal termination fee of $25 million is payable by Superior to Canexus. Is this true?


To my untrained eye it looks like there may be some disagreement re the Termination Fee. The Lawyers will be busy…
 
“Under the terms of the Arrangement Agreement, a deal termination fee of $25 million is payable by Superior to Canexus, which Canexus will use for further debt reduction. Canexus vigorously disagrees with any contention in relation to a breach of the Arrangement Agreement by the Company and will take all necessary steps to recover the deal termination fee.”
 
https://web.tmxmoney.com/article.php?newsid=8395576155997246&qm_symbol=CUS
 
As Always; Do Your Own Due Diligence; It’s Your Money !!
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