09:49 uur 07-10-2015

The Valence Group adviseert de directie van Canexus over samenvoeging met Superior Plus

NEW YORK–(BUSINESS WIRE)– The Valence Group zal optreden als financieel adviseur van de directie van Canexus Corporation inzake de samenvoeging met Superior Plus Corporation, waarbij Superior heeft toegezegd alle uitgegeven en openstaande gewone aandelen van Canexus te kopen voor de waarde tijdens de bekendmaking van ongeveer 1,70 Canadese dollars, te betalen in gewone aandelen van Superior. Zoals overeengekomen zullen aandeelhouders van Canexus The Valence Group 0,153 aandeel van Superior krijgen, wat overeenkomt met met een waarde van 1,70 Canadese dollars.

De Valence Group heeft ook een oordeel gegeven over de redelijkheid van de overeenkomst aan de directie van Canexus.

The Valence Group Advises The Board of Directors of Canexus on its Business Combination with Superior Plus

NEW YORK–(BUSINESS WIRE)– The Valence Group is acting as financial adviser to the Board of Directors of Canexus Corporation (TSX:CUS) on its business combination with Superior Plus Corporation (TSX:SPB), pursuant to which Superior has agreed to acquire all of the issued and outstanding common shares of Canexus (“Canexus Shares”) for a value at announcement of approximately C$1.70 per Canexus Share (the “Transaction), payable in common shares of Superior (“Superior Shares”). Pursuant to the Arrangement Agreement, Canexus shareholders will receive 0.153 (the “Exchange Ratio”) of a Superior Share for each Canexus Share, representing the equivalent of C$1.70 per Canexus Share on the 20-day volume weighted-average-price (“VWAP”) of Superior Shares. This represents a premium of 36.5% based on the 20-day VWAP of the Superior Shares and the Canexus Shares on The Toronto Stock Exchange (“TSX”) as of October 5, 2015 and a premium of 47.6% based on the closing prices of the Superior Shares and the Canexus Shares on the TSX on October 5, 2015.

The Valence Group has also provided a fairness opinion to the Board of Directors of Canexus in connection with the Transaction.

About Canexus

Canexus produces sodium chlorate and chlor-alkali products largely for the pulp and paper, water treatment and oil & gas industries. Canexus securities trade on the Toronto Stock Exchange.

About The Valence Group

The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategic consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London.


The Valence Group
Paul Lakind, 212-847-7339

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