Canexus board advises shareholders to reject Chemtrade takeover offer as too low

    CALGARY – The board of Canexus Corp. (TSX:CUS) is advising its shareholders to reject a takeover offer from Chemtrade Logistics Income Fund, which values the chemical company at $884 million including assumed debt.

    The Calgary-based sodium chlorate producer says its board believes Chemtrade’s offer of $1.50 per common share is too low.

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