The Valence Group advises Canexus on its sale to Chemtrade

December 16th, 2016

The Valence Group has advised Canexus Corporation (TSX: CUS) on its sale to Chemtrade Logistics Income Fund (TSE: CHE.UN) for cash consideration of C$1.65 per common share, equivalent to an enterprise value of approximately C$900 million.

The transaction, which has been unanimously approved by the Canexus Board of Directors, is structured as a Plan of Arrangement and is subject to regulatory and shareholder approval, as well as other customary closing conditions. Canexus is recommending shareholders vote in favor of the transaction and closing is expected before the end of April 2017.

The Valence Group also provided a fairness opinion to the Board of Directors of Canexus.

About Canexus

Canexus produces sodium chlorate and chlor‐alkali products largely for the pulp and paper and water treatment industries. Canexus’ common shares (CUS) and debentures Series IV ‐ CUS.DB.B; Series V ‐ CUS.DB.C; Series VI ‐ CUS.DB.D) 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 strategy 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.