TSX:CUS.DB.D - Post by User
Post by
phoenix_traderon Nov 04, 2016 9:08am
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Post# 25423859
Chemtrades low ball bid upsets regulators
Chemtrades low ball bid upsets regulatorsDavis, just withdraw the bid and let everyone get back to making money.............................CHEMTRADE PROVIDES UPDATE REGARDING REGULATORY APPROVALS RELATED TO ITS OFFER FOR CANEXUS CORPORATION The Canadian Competition Bureau has issued a supplementary information request (SIR) with respect to the previously announced offer by an indirect, wholly owned subsidiary of Chemtrade Logistics Income Fund to acquire all of the issued and outstanding common shares of Canexus Corp. A 30-day statutory waiting period will commence upon the offeror providing a complete response to the SIR, unless the Commissioner of Competition terminates the waiting period earlier. Chemtrade is in the process of responding to the SIR with a view to having the 30-day statutory waiting period expire before the Jan. 18, 2017, expiry date of the offer.