Post by
Kherson on Oct 20, 2016 10:30am
Real story emerges about failed merger!
In the June 30th N.R., Canexus stated that, "Superior terminated the Arrangement Agreement because they failed to obtain FTC approval for the merger and declined to provide certain reasonable protections for Canexus to extend the A.A. beyond the outside date"! Now in the Director's Circular issued this month, on page 27, Canexus is stating that the "Proposed Arrangement was terminated by Canexus on June 30th following Superior's inability to close the transaction on or prior to June 29th"! Big difference between the two Canexus statements!